I just looked at this too - so ex-div. date was March 4 - is there any point to keep on holding HSO? We could sell now and get close enough to $2.50 (well minus the brokerage)
They said there'll be another announcement, but in the 1 Feb one they said "It is intended that the Takeover Consideration will be paid to shareholders in part by theCompany as a special dividend and capital reduction following the completion of the propertytransactions outlined below, and in part by Brookfield as cash takeover consideration for thetransfer of shares".
Is there any tax benefit in receiving our payout as a divvy and cap. reduction, versus LT cap gains tax?
The Scheme Meeting is May/June and the Takeover Offer's valid for another 4 weeks, after that date - meaning we'd prolly get paid in July.
