BullDog wrote:BullDog wrote:A well received update this morning from HEIT -
https://www.londonstockexchange.com/new ... e/15433641
Any holders of HEIT might care to take note of a C share issue announced yesterday. Awful timing by the company, but a good opportunity to buy more shares at 100p. HEIT is forecasting an 8p dividend for FY 2023, I understand.
Ok, so I've read this RNS over and over and it appears that you are buying C shares at 100p which then convert to ordinary shares based on the ratio of the NAV. As far as I can work out when they convert although you have paid 100p for the C's you will only get around 85 ords when they convert. As least that's the way I read it. I'm happy to be corrected and learn something new.