Q: Hello friends,
Still not sure how to handle NBLY's CVRs. Since they landed in my RRSP account, my broker gave me two options: to sell the security or to transfer it out.
My question though is, if I transfer them out, do I still need to sell them explicitly sometime in 2026 or they will transform (hopefully) into $0.61 per share automatically?
Many thanks!
Still not sure how to handle NBLY's CVRs. Since they landed in my RRSP account, my broker gave me two options: to sell the security or to transfer it out.
My question though is, if I transfer them out, do I still need to sell them explicitly sometime in 2026 or they will transform (hopefully) into $0.61 per share automatically?
Many thanks!
5i Research Answer:
The CVRs will not be listed so will be difficult to sell (they could still be sold privately to a third party). This is why they cannot be held in a registered account. Once the company's 2026 numbers are available, a cash payment will be made to CVRs, ranging from 0c to 61c. This will be done automatically.