Q: The above debenture will be redeemed may3/17
We have been offered two options
1. Conversion (shares) : to receive 40.1606425 common shares LIQ at conversion price $24.90/share for every $1000 principal amount of LIQ.DB.A (5.85% convertible unsecured subordinated debentures ) due apil30/18 converted
2. Redemption (default) : to receive $1000plus $0.4808 in accrued and unpaid interest for every $1000 principal amount of LIQ.DB.A (5.85%convertible unsecured debenture ) due april30/18 redeemed
Can u explain these options and advise which in your opinion is better choice
Thank you
We have been offered two options
1. Conversion (shares) : to receive 40.1606425 common shares LIQ at conversion price $24.90/share for every $1000 principal amount of LIQ.DB.A (5.85% convertible unsecured subordinated debentures ) due apil30/18 converted
2. Redemption (default) : to receive $1000plus $0.4808 in accrued and unpaid interest for every $1000 principal amount of LIQ.DB.A (5.85%convertible unsecured debenture ) due april30/18 redeemed
Can u explain these options and advise which in your opinion is better choice
Thank you