The thing to note is that the DRP will be fully underwritten. I assume that shareholders might choose the cash dividend in many cases leaving a significant DRP shortfall which presumably would be taken up by the underwriter at a maximum price of $ 5.50 per share. There could be a significantly increase in number of shares on the market with dilution of existing shareholders who opt to take cash.
The thing to note is that the DRP will be fully underwritten. I...
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