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Bullboard - Stock Discussion Forum DOMINION CITRUS INCOME FUND T.DOM.UN

"Dominion Citrus Income Fund provides an integrated suite of services for fresh produce. It offers finance, reporting and insurance, procurement, international logistics, ripening, sorting and grading, packaging and re-packing services."

TSX:DOM.UN - Post Discussion

DOMINION CITRUS INCOME FUND > Meeting April 26
View:
Post by GoldenGun on Apr 01, 2013 8:44am

Meeting April 26

Dominion Citrus Announces Special Unitholder Meeting on April 26, 2013 and Adjournment of Preference Shareholder Meeting to April 26, 2013 to Approve Settlement with Preference Shareholders. You can read the new on Sedar. Todays the last day to retract your preferred shares.

For those who own preferred shares, here's a snippet:

The Company confirms that the Preference Shares continue to have retraction rights because the terms of the Settlement will not be implemented before April 1, 2013. Accordingly, registered Preference Shareholders who wish to preserve their rights of retraction and retract all or a portion of such shares are advised to tender them by April 1, 2013, together with an irrevocable notice of election to redeem such shares duly executed by the registered holder, to the attention of the President and Chief Executive Officer of the Company at 302 - 165 The Queensway, Toronto, ON M8Y 1H8. Beneficial holders should contact their brokers in order to preserve their rights of retraction and exercise such retraction rights.

There is no assurance that any Preference Shares tendered for retraction will be retracted by the Company.

 

Comment by pmac2015 on Apr 01, 2013 9:54pm
I think the important thing for Pref shareholders to consider is that following this meeting the shares will no longer be listed on the exchange. There is a pretty high rate of return if you can hold for 6 years but how many people have that kind of time horizon? I am interested to see what happens to trading between now and the meeting.. Will there be a significant number of shares dumped before ...more  
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