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Re: Tamhas post# 6527

Tuesday, 12/04/2018 11:05:23 AM

Tuesday, December 04, 2018 11:05:23 AM

Post# of 6624
I would suspect that your US custodian will receive the redemption offer notification from Euroclear informing them of the final mandatory buyout price. Your broker will then just swap out the shares for the equivalent of amount of USD equal to 345 SEK/share (of course they'll take a markup on the FX, can be 1-3% depends on what your T&Cs are with the broker).

There's also some interest due which is 2% over the Swedish bank rate which looks to be -ve 1.25% ! So we'd get about 0.75%. Woohoo!

Again I'd expect to see that paid at the same time as a separate Interest corporate action based on the value of your holdings.

I'm looking at this positively! YTD SLM Solutions is down 75%, SYSS is about par and 3D systems is up 25% so we still have the possibility that the SEK skyrockets against the $!

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