Say you owned 1000 PDL @ $5.30
1000 / 7.5 = 133.33 PPT shares allocated
133.33 x say $27 a PPT share = $3600
1000 PDL x $1.97 = $1970
So $3600 +$1970 = $5570 which works out to you getting $5.57 per PDL share.
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