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Dividend and Income Fund Common Message Board

xpsedf 1 post  |  Last Activity: Jun 24, 2014 2:54 PM Member since: Sep 8, 2006
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    How to purchase additional shares

    by trust_no1111 Jun 24, 2014 11:14 AM
    xpsedf xpsedf Jun 24, 2014 2:54 PM Flag

    Good Afternoon trust_no1111...Each shareholder will receive one transferable right (the “Right”) for each share of common stock held on the record date (June 17, 2014).
    Three Rights plus $9.00 (the “Subscription Price”) will be required to purchase one additional share of common stock (the “Primary Subscription”). The purchase price will be payable in cash.
    Record date shareholders who fully exercise their Primary Subscription Rights will be eligible for an over-subscription privilege entitling these shareholders to subscribe, subject to certain limitations and a pro-rata allotment, for any additional shares of common stock not purchased pursuant to the Primary Subscription. Rights acquired in the secondary market may not participate in the over-subscription privilege.
    The Rights are expected to trade “when issued” on the New York Stock Exchange beginning on June 12, 2014, and the Fund’s shares of common stock are expected to trade “Ex-Rights” on the New York Stock Exchange beginning on June 13, 2014. The Rights are expected to begin trading for normal settlement on the New York Stock Exchange (NYSE:GGT RT) on or about June 20, 2014.
    The Offering expires at 5:00 PM Eastern Time on July 18, 2014.
    "Tell" your broker and get a reply in "writing" [e-mail]. Your broker can make the transaction....

    Have a "GREAT" week....
    Live Long and Prosper....
    Best Regards/Eddie....

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