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  5. AW.UN: Hi, Assuming the conversion from a trust into a corporation, and if you were holding the shares, what would you do as it pertains to the offer @$37 prorated based on the current trust holders choice. [A&W Revenue Royalties Income Fund]

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Q: Hi,

Assuming the conversion from a trust into a corporation, and if you were holding the shares, what would you do as it pertains to the offer @$37 prorated based on the current trust holders choice. At a minimum one will get a third of their units in cash, and the balance is new shares. Would you take the money now and buy back the corresponding shares once the dust has settled? I don’t see the share price maintaining $37 over the short term, if it would, it should already be there.

Your thoughts?
Asked by Kelly on October 04, 2024
5i Research Answer:
There is still about a 5% discount to the value of the offer, reflecting deal risk (low) and...
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