Patient Access Solutions Inc (PASO)

[MoneyForNuthin]

It's been hectic for me, so I haven't taken the time to call Fidelity yet, but I noted the info posted by Koopa Troopa. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158719121

I also have some info from Fidelity for PASO Corporate Actions in my accounts (see image below). I haven't heard squat from TDA yet, for those accounts.

I've also talked with others, and it appears that a Schwab rep has indicated a similar Schwab-internal fee of around $38 (can't remember the precise number, but that sounds exactly right), as well as a stated exchange fee of $160. The same Schwab rep also indicated that the basis for the 6% dividend will be (as is normally the case with such "interest bearing" dividend preferred securities) the value invested at the time of conversion. Now this seems pretty obvious, right? Well, that's right, it does seem obvious. There are some details that are still a bit cloudy, such as "how is the value at the time of conversion stated... is it the Common stock closing price on 10/16 (x 250 is already known)? Whatever the final number is, I believe it will be determined directly from whatever the Common stock market price is at the time of conversion. That seems pretty straightforward, so I'm not going to overthink this. We've got a few days before anyone needs to make that decision anyway - if they haven't already.

As I noted above, I haven't talked with Fidelity yet, but I am guessing they'll have a fee as well ($38?), but some brokers may waive the fee, or possibly for some customers depending on account size/status, etc.