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Market Vectors Mortgage REIT Income ETF Message Board

cptave 4 posts  |  Last Activity: Mar 18, 2015 11:44 AM Member since: Aug 25, 2009
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  • Reply to

    Ex-date approaching.

    by ab6pn Mar 2, 2015 11:43 AM
    cptave cptave Mar 18, 2015 11:44 AM Flag

    he was just adding 3 months rom last quarters ex-date . the company will be releasing a press release any day , lets hope they raise the div a penny or two !

  • Reply to

    anyone know the conversion price of this ?

    by cptave Jan 4, 2015 11:37 AM
    cptave cptave Jan 4, 2015 12:02 PM Flag

    got the info - The mandatory convertible securities will be issued at 100% of the notional amount and will be mandatorily converted into FCA common shares on December 15, 2016 unless earlier converted at the option of the holder or FCA or upon certain specified events in accordance with their terms. The mandatory convertible securities will pay a coupon of 7.875% per annum on the notional amount, payable annually, on December 15, 2015 and 2016, which may, at FCA's discretion, be paid in common shares of FCA at the mandatory conversion date. FCA will have the option to defer payment of coupons, provided that such deferral may not extend past the mandatory conversion date. The mandatory convertible securities will be issued in denominations of U.S.$100 per mandatory convertible security. The maximum conversion rate of the mandatory convertible securities will be 9.0909 common shares per mandatory convertible security and the minimum conversion rate will be 7.7369 common shares per mandatory convertible security, in each case subject to adjustment in certain circumstances.

  • Reply to

    anyone know the conversion price of this ?

    by cptave Jan 4, 2015 11:37 AM
    cptave cptave Jan 4, 2015 11:57 AM Flag

    coupon is 7.875% but i am still looking for the conversion price !

MORT
24.24+0.0282(+0.12%)Mar 30 4:00 PMEDT