Q: Reading TSX Money about the combination of A&W Royalties Income Fund and A&W Food Services, it says, "Each Fund unit to be exchanged for one share of the combined company or $37.00 in cash (subject to proration)." As I write the unit price of A&W Income Fund is $33.76 which is a long way from $37. Can you please explain what unit holders have to do in order to get the full $37?
Thank you as always for your expertise.
Thank you as always for your expertise.
5i Research Answer:
The offer allows a unitholder to choose to receive $37.00 in cash for each unit they hold, or...