Followers | 182 |
Posts | 12764 |
Boards Moderated | 0 |
Alias Born | 12/08/2009 |
Tuesday, November 13, 2018 5:22:56 AM
"HNHPF: effective Oct. 30,2018: Holders will be required to surrender their GDSs to be exchanged for (i) new GDSs at a rate of 0.8 new GDSs for every existing GDS surrendered and (ii) the US dollar equivalent NT$4.0. No factional new GDSs will be issued. Fractional entitlements will be aggregated and sold. Cash-in-lieu: Gross US Dollar Rate: US$0.128756 per GDS surrendered, Depositary Fee: US$0.020000 per GDS surrendered, Net US Dollar Rate: US$0.108756 per GDS surrendered. A fee of US$0.11 will be charged per GDS surrendered.
Reverse split ratio .08 (8 tenths) share for one:
http://otce.finra.org/DLSymbolNameChanges";
The fees totals to $0.13/sh -- more than the dividend itself. Furthermore, some of us have to pay income taxes on the Gross dividend of $0.129/sh One would be better off not getting that dividend at all!!!
What is that $0.11/share fee and who is getting that fee. I was charged $.09/sh (titled GDR processing fee) + a flat "reorganization" fee by the brokerage firm. Since the $0.11 and $0.09/sh fee seems to vary with the brokerage firm - and therefore not a fee charged by the custodial bank for the depository receipts for the stock?
Anyone has more info on that fee?
[Normally an ADR processing fee (for foreign stock dividends) is MUCH lower. I don't know what is the difference between ADR and GDR.]
TIA
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM