Q: Hello Team 5i & Everyone,

I received a "corporate action notice" from Thompson Reuters and I think they appear to be buying back shares. Do you have a preference for which options here?

Event Options:

Option 1: Opt-Out Election Shares Only (Eligible Holders Only) (See Event Terms)
To receive One (1) new post consolidation share Thomson Reuters Corp share for One (1) Thomson Reuters Corp Com No Par tendered

Option 2: Exchange (USD cash and shares) (Eligible Holders Only) (See Event Terms)
To receive approximately USD $1.36 in cash and TBD post-consolidation common shares for every one (1) share of Thomson Reuters Corp Com No Par share tendered.

Option 99: Take No Action (Default) (CAD cash and shares)
To receive CAD equivalent of approximately USD $1.36 in cash and TBD post-consolidation common shares for every one (1) share of Thomson Reuters Corp Com No Par share tendered.

Thank you,

Sandra

Q: After recent news/earnings and along the thinking that AI will not completely replace SAAS but work along side it and even provide positive tailwinds, do you think its time to rotate a bit more from hardware to software or proceed with caution still? I hold CLS, NVDA, NBIS, VRT in hardware and CSU,LMN,TOI,SPOT, SHOP,CRWD,BKNG,TRI in software. Also own GOOG. I'm trying to find the right balance. If we look at SOXX/IGV, are we going to see mean reversion back to the mean?

Also what part of the market or credit cycle do you think we are in? Mid to late cycle? Should we be more defensive or still slowly adding to growth names? Thanks!

Q: Hi Peter & 5i,
Would you start to slowly chip away at TRI?
CEO Hasker seemed positive that the AI companies automating general-purpose tasks couldn't match TRI's content, expertise and TRI's own current and potential AI driven workflows.
Dividend is starting to look attractive after the 10% raise.
Thanks for your non-AI content response to this question!