Thursday, August 17, 2017 9:37:07 PM
We'll own an equal PERCENTAGE of the spinoff company as we do of AMFE at the date of record (to be announced).
What is 'Pro-Rata'
Pro rata is the term used to describe a proportionate allocation. It is a method of assigning an amount to a fraction according to its share of the whole. While a pro rata calculation can be used to determine the appropriate portions of any given whole, it is most commonly used in business finance.
Read more: Pro-Rata http://www.investopedia.com/terms/p/pro-rata.asp#ixzz4q4BGrtcx
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