About 2 months ago I purchased some KDR options in an entity that previously did not own any options. I received in the mail a 'Notification of Transaction' which had on the back, a 'Notice of Exercise of Options. The only payment option offered is by way of cheque. I followed it up with a phone call and they confirmed that payment by cheque is the only option offered. We all need to make sure we get this right as a failure to properly exercise the options wold be extremely costly. As always, DYOR.
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