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
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 $1.36 in cash and TBD post-consolidation common shares for every one (1) share of Thomson Reuters Corp Com No Par share tendered.
Thank you,
Sandra
5i Research Answer:
We would use option 1 if shares are held in a US dollar account, and option 2 if shares are held in a C$ account.