Q: I owned 600 shares of AW.UN and was under the impression that the shares would be exchanged 1 for 1 for AW. That is not what appears to have happened. My account indicates I now own 583 shares of AW. iTrade has also changed the apparent purchase price which would suggest that I sold the AW.UN shares and bought the AW shares. Have I misunderstood how this transaction was suppose to take place? Do I have grounds to insist the missing 17 shares be returned?
5i Research Answer:
There was a limit on the number of shares issued, and investors should have received some cash as well if there was not a 1-1 exchange. If this is not the case then we would enquire to the broker as to why not.