If DWAC does not merge the stock holders are entitled to $10 a share to close out their account.
For legal reasons they have to let you know that.
You can vote yes to give more time for the merger to happen. Or you can vote no to get $10 a share.
If 65% votes yes there will be an extension.
They are also saying that if there are not enough yes votes they may cancel the vote. There is a process in place that will allow 2 three month extensions. For a total of 6 months
I just called Fidelity, I don't have any proxy voting listed currently, hopefully it is a staggered rollout and I will see an email soon so I can vote to extend.
That is not what you think.
If DWAC does not merge the stock holders are entitled to $10 a share to close out their account.
For legal reasons they have to let you know that.
You can vote yes to give more time for the merger to happen. Or you can vote no to get $10 a share.
If 65% votes yes there will be an extension.
They are also saying that if there are not enough yes votes they may cancel the vote. There is a process in place that will allow 2 three month extensions. For a total of 6 months
ok thanks, how do I vote, I haven't received any information, should I call Fidelity?
Check your email. Fidelity will typically send out a notification a holding needs a vote.
I just called Fidelity, I don't have any proxy voting listed currently, hopefully it is a staggered rollout and I will see an email soon so I can vote to extend.
Yeh, people say what they will about Fidelity but I've never known them to miss something important as a shareholder vote request.
I use them and haven't gotten one either.
I got the email about the tender, but not the voting, I guess I will call in.
I just went through this with my CFVI shares. Ignore the tender offer, you will get the PROXY vote notice about a week later.
The CFVI vote was on the merger and board members for the new RUM.
This DWAC vote is probably an extension vote.