http://biz.yahoo.com/bw/060703/20060703005035.html?.v=1
2006-07-10 04:50:42 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
http://biz.yahoo.com/bw/060703/20060703005035.html?.v=1
fund starts commencement rights
2006-07-10 04:51:55 · update #1
so do you just call the money and get a 5% discount on additonal shares
2006-07-10 06:10:17 · update #2
Assuming you currently are a shareholder, this really means nothing to you (other than the managers are all convinced things are about to "take off". Congratulations!)
Whatever shares you currently have will simply become shares in a fund rather than shares in a specific security. The price will no longer be established on a moment-to-moment basis, but will be established at the end of each trading day.
Good luck!
2006-07-10 04:58:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I think it's pretty self-explaining... The existing shareholders get the right to buy more shares at 5% discount to NAV.
2006-07-10 11:59:19 · answer #2 · answered by NC 7 · 0⤊ 0⤋
good luck on finding a good answer to that. i read it and didn't understand it either
2006-07-10 11:56:42 · answer #3 · answered by coloneltucker 2 · 0⤊ 0⤋