Q: In regards to the restructuring of AW.UN, you recommended one could stay in 100%. Do I need to do anything or will they just change automatically. Will the Dividend be approximately the same? With the $37 price, are they estimating that will be the share price of the new shares? Thank you!
5i Research Answer:
The cash portion is to be allocated pro-rata. If a unit holders only wants new units, then we would contact one's broker and advise them of this selection. Distributions will remain the same. The company is not estimating any price. However, the 'cleaner' shareholder structure should help improve valuation over time. Many unit holders find the current corporate structure confusing.