Tweet
Me acaba de llegar notificacion de IB sobre BPY. ¿Alguno sabe que es exactamente?
Brookfield Property Partners L.P. has offered to purchase up to 405 Million USD of its outstanding limited partnership units through a Dutch Auction tender offer.
***Important***
This offer is not being made available at the US Depository (DTC). Holders wishing to tender may submit their tender instruction and IB will submit those tender elections to the Canadian Depository (CDS). Due to the nature of this offer, IB's expiration date will be 2019-03-21 as additional time is needed to transfer shares to CDS for tender submissions.
The terms of the offer are as follows (subject to proration):
Minimum Bid: 19.00 USD
Maximum Bid: 21.00 USD
Accepted Bid Increments: .10 USD
Please note: Holders are being provided the option to elect to receive USD or the CAD equivalent for their proceeds.
The below options are available to a shareholder:
Option 1 - Take no action
Option 2 - Tender units at Bid Price, Canadian Dollar Equivalent, less any applicable withholding tax
Option 3 - Tender units at Bid Price, US Dollar, less any applicable withholding tax
Option 4 - Tender units at No Specified Price (NSP) Canadian Dollar Equivalent, less any applicable withholding tax
Option 5 - Tender units at No Specified Price (NSP) US Dollar, less any applicable withholding tax
Holders wishing to tender their units at the minimum bid price should make an election under the No Specified Price option, as such an election will be deemed to have tendered the position at the minimum bid price.
In order to submit shares at a bid price, shareholders should click on the Change link on the applicable choice line below. This will navigate the user to a new box where both the share quantity and applicable bid price should be entered.
Odd lot priority: Yes
Beneficial holder of 99 units or less, who tenders the entire position held, will not be subject to proration
Note: Odd lot validity will be determined at the time of submission to the street
Guaranteed Delivery: No
Last day to purchase shares and be eligible to tender: 2019-03-19
The deadline to submit shares to the offer will be 2019-03-21 @ 13:00 (America/New_York).
In the absence of an election, no action will be taken.
He buscado algo de info pero no encuentro nada.
Gracias.
Brookfield Property Partners L.P. has offered to purchase up to 405 Million USD of its outstanding limited partnership units through a Dutch Auction tender offer.
***Important***
This offer is not being made available at the US Depository (DTC). Holders wishing to tender may submit their tender instruction and IB will submit those tender elections to the Canadian Depository (CDS). Due to the nature of this offer, IB's expiration date will be 2019-03-21 as additional time is needed to transfer shares to CDS for tender submissions.
The terms of the offer are as follows (subject to proration):
Minimum Bid: 19.00 USD
Maximum Bid: 21.00 USD
Accepted Bid Increments: .10 USD
Please note: Holders are being provided the option to elect to receive USD or the CAD equivalent for their proceeds.
The below options are available to a shareholder:
Option 1 - Take no action
Option 2 - Tender units at Bid Price, Canadian Dollar Equivalent, less any applicable withholding tax
Option 3 - Tender units at Bid Price, US Dollar, less any applicable withholding tax
Option 4 - Tender units at No Specified Price (NSP) Canadian Dollar Equivalent, less any applicable withholding tax
Option 5 - Tender units at No Specified Price (NSP) US Dollar, less any applicable withholding tax
Holders wishing to tender their units at the minimum bid price should make an election under the No Specified Price option, as such an election will be deemed to have tendered the position at the minimum bid price.
In order to submit shares at a bid price, shareholders should click on the Change link on the applicable choice line below. This will navigate the user to a new box where both the share quantity and applicable bid price should be entered.
Odd lot priority: Yes
Beneficial holder of 99 units or less, who tenders the entire position held, will not be subject to proration
Note: Odd lot validity will be determined at the time of submission to the street
Guaranteed Delivery: No
Last day to purchase shares and be eligible to tender: 2019-03-19
The deadline to submit shares to the offer will be 2019-03-21 @ 13:00 (America/New_York).
In the absence of an election, no action will be taken.
He buscado algo de info pero no encuentro nada.
Gracias.
Comentario