According to Company anns, Tranche 1 would have been converted...

  1. 2,941 Posts.
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    According to Company anns, Tranche 1 would have been converted on 31/1/19 giving CDX 7.7%. Tranche 2 option was exercised with Investment date of 31/1/19 and maturity 1/7/2020, so technically actual ownership from this Tranche does not happen until Con Notes converted.
    CDX do have the option of converting whenever they want and inHealth have no right of redemption so to me it is a moot point.
    It looks like playing semantics.......................(Obviously presuming that CDX actually made the Investment under Tranche 2 as they announced )
 
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