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Thursday, September 17, 2020 8:19:19 AM
The dividend itself is simple though.
Folks who owned shares as of eod yesterday who don't do anything period after eod this Friday, will automatically receive the 200/1 dividend conversion...meaning 1 Series C share for every 5k PASO shares owned.
And next monday forward, folks who want to take advantage of the 250/1 dividend conversion offer simply fill out the form PASO provided in yesterdays PR and their brokerage firm will follow that far more lengthy red tape process involved k cheers>>>
DTC, Depository Trust Company, will receive a block of Series C shares from the Transfer Agent so that these Series C shares can be distributed to the brokerage firms that hold the stock on behalf of all shareholders. Each brokerage firm will then automatically distribute the appropriate dividend to each shareholder’s account. Nothing needs to be done by any shareholder to receive the dividend.
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