Q: Peter and 5i,
I asked various questions yesterday on convertible debentures.
I want to give you a huge thank you to you and your team.
One of my questions was will the discount brokerage inform you of any Notice of Redemptions on the convertibles. Your answer was, “they should, but you should keep on top of things”.
So it prompted me to check on my current convertibles and sure enough PBH.DB.F just put out a Notice of Redemption on November 12. You have till December 16 to convert. If you do not elect to convert by that date you get back your $1,000 for each debenture on December 16 instead of $1,223 (9.324 common shares at a current value of $131.25). As you said in another part of your answer – not converting will result in a large loss.
If not for your answer I would never have checked. Thank you for saving me 22.3% on each debenture with your answers to my questions. As advertised – Many members find the Investment Questions alone to be worth the subscription price many times over. You certainly did this for me. Thank you for the great service and the advice you give to inform and educate the DIY Investor.
In talking to my discount brokerage, they emphasized they are a discount brokerage. They do not notify their customers of any Notice of Redemptions. It is up to the customer to monitor their own investments and call them to inform the discount brokerage that you would like to convert.
I asked various questions yesterday on convertible debentures.
I want to give you a huge thank you to you and your team.
One of my questions was will the discount brokerage inform you of any Notice of Redemptions on the convertibles. Your answer was, “they should, but you should keep on top of things”.
So it prompted me to check on my current convertibles and sure enough PBH.DB.F just put out a Notice of Redemption on November 12. You have till December 16 to convert. If you do not elect to convert by that date you get back your $1,000 for each debenture on December 16 instead of $1,223 (9.324 common shares at a current value of $131.25). As you said in another part of your answer – not converting will result in a large loss.
If not for your answer I would never have checked. Thank you for saving me 22.3% on each debenture with your answers to my questions. As advertised – Many members find the Investment Questions alone to be worth the subscription price many times over. You certainly did this for me. Thank you for the great service and the advice you give to inform and educate the DIY Investor.
In talking to my discount brokerage, they emphasized they are a discount brokerage. They do not notify their customers of any Notice of Redemptions. It is up to the customer to monitor their own investments and call them to inform the discount brokerage that you would like to convert.
