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Wednesday, December 16, 2009 10:19:53 AM
RE Conversions...
The conversion process is not instant. You send in your shares, and then after a week or so (they might be faster now) they send you a paper certificate with new shares. Then you have to deposit the paper shars into a brokerage account. This all takes time. The deadline for conversion, whatever it is, is just the date of the postmark. The effects of any remaining conversions will be felt for a few weeks or a month beyond the deadline. BTW, the shares are not coming from the open market, they are "new" shares.
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