The initial exercise price is subject to anti-dilution adjustment for certain events, including (i) future stock dividends, distributions, subdivisions or combinations; (ii) the issuance of below market rights, options or warrants entitling the holder to purchase AIG common stock for a period of sixty days or less; (iii) dividends or other distributions of capital stock (other than AIG common stock); rights to acquire capital stock, debt or other assets (subject to certain exclusions); (iv) per share cash dividends in excess of $0.675 in the aggregate in any twelve-month period; and (v) certain above-market issuer tender offers for more than 30 percent of the then-outstanding AIG common stock.
AIG has just raised their dividend to .28 a quarter , that means after 1 year passes the exercise price of the warrants will drop by 44.5 cents to 44.555 cents and then dropping another 44.5 cents every year !
the reason our quarterly payments have not increased is because management have been selling new shares to the public ! NYMT is still the best mREIT out there !
an 18 % yield is NOT double NYMT's 13.8 % yield . the reason our qua rterly payments have not increased is because management have been selling new shares to the public !
Sentiment: Strong Buy
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 !
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.
early next year ?