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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Taikun who wrote (20033)1/22/2005 4:11:06 PM
From: Taikun  Respond to of 108671
 
So RIO goes up 7.5% Fri and RIO-P 4.5%

But if 90% goes through and CVRD pays an extra dividend, RIO-P will be the primary beneficiary, since RIO only gets the min. dividend. RIO-P has the voting rights stripped out and in exchange has the benefit of addl dividends, but not RIO.

RIO: min div
RIO-P: min div+addl div when issued

Go figure...