So it appears that the Reorganization Plan which will be voted on (not binding on the Court) provides "New Warrants" to us Common Shareholders. What is the chance that (either by reason of a "No" vote by us, or arising from Tuttle's motions and objections, or otherwise) we will get MORE than just New Warrants?
Yes, no news accounts for this, and my guess is it is not driven by AEP's prospects. My wild guess is that a big holder is losing big elsewhere and needs to raise cash. So, while this is hurting me, I'm not crying uncle, and Ill wait for the relentless selling to subside and the stock price to recover to a rational level.
First, I don't think last month's action was a dividend - it was a cash redemption (that is, a forced sale) of the Series F preferred stock.
Second, have you been holding your SIAF long enough to have been entitled to the Preferred Stock? You had to be holding SIAF on some date in Nov or Dec 2012 to be entitled to it; then the pay date was Feb 17, 2013 (although my account in which I had purchased SIAF in 2009 did not actually receive the Prfd Shs until February of 2014!).
By contrast, I purchased some SIAF in a second account in February of 2014, and ofcourse I received neither the Pfd Shs nor the redemption payment, since I had not held those SIAF shares in 2012.
CRRC shareholders are to receive a portion of merger proceeds as 1.3756 shares of RRD (which has a value of $26.50) not just $23 cash, so I understand why the CRRC stock would be trading in early June in the $25 range -- but I don't understand why the $2 drop in CRRC stock price on June 4, the day before the meeting approving the merger. Can anyone tell me why the drop that day?