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What if I have a fractional unit (e.g. 0.7 unit) as a result of the new units issue under the Scheme?

April 26, 2017fractional ISSUE Scheme units

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What if I have a fractional unit (e.g. 0.7 unit) as a result of the new units issue under the Scheme?

1 Answer

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Fractional entitlements of new units will be rounded down to the nearest whole number and the residual balance of the Qualifying Distribution remaining after such rounding down will be paid to the Unitholder in cash.