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  5. DC.PR.B: Not sure what the protocol is when a pref is taken back. [Dundee Corporation Cumulative 5-Year Rate Reset First Preference Shares Series 2]
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Q: Not sure what the protocol is when a pref is taken back. I have normally sold before the recall date but both had a decent dividend due so I am still holding them. Do need to sell them or will Dundee take them back thru the broker?
Asked by Robert on September 26, 2024
5i Research Answer:

In a full redemption for cash the broker will receive cash from the company and credit investors' accounts. 

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