Q: I bought LAC shortly before the spin-off. It's now been a bit over a week since the spin-off and my brokerage account shows LAAC with a cost per share which is equal to my original cost of LAC. And it shows LAC of having a cost which is about 71% of the original cost. (So it shows the combined cost for both is 71% higher than the actual cost). Do you know how the cost was supposed to be applied between the two?
5i Research Answer:
At this time, no. But from the circular: It is intended that, following the Arrangement, Lithium Argentina and New LAC will inform Resident Shareholders either by press release or on their websites of their estimate of the appropriate proportionate allocation; however, such allocation will not be binding on the CRA or on any Resident Shareholder.