The merger has been approved...but does anyone have an idea of when it will happen?
Back in April I made a prediction based upon my program that CFP would be between 19.00 and 1930 the day before the merger takes place...I just want to know how close I am going to be.
Let me see, CFP announces a dividend based upon past earnings of $.855 based upon PRIOR QUARTER's earnings payable monthly over June, July and August. CFP makes the June payment on 6/19. Then they merge. So, what happened to the remaining 2 payments that were based upon the prior quarter's earnings? Do they go to CLM management to be diluted and distributed to all CLM (including prior CFP holders)? I guess that's what happens if you miss the modern math courses in school.