Arcam AB fka AMAVF

[KR_uk]

Ha ha. Your photoshopping almost fooled me on my cellphone screen!

I spoke to a colleague yesterday who I trust about corporate actions and he confirmed that not allowing US shareholders to participate is an investor protection rule due to US securities regulation. Investing in overseas stocks is risky for retail investors and since ARCAM have not gone through all the filings to register the new shares with the SEC, retail US investors won’t be able to participate. It’s not uncommon and is not (in my opinion) a dastardly plan by GE to squeeze out small US shareholders. They wanted a cheap and quick way of raising money and the small % of US holders that would not be able participate was not a consideration.

We’ll still get money for our rights and in fact I’ll be calling Vanguard back and insisting that since Fidelity allows their customers to sell their rights that I want the same service.