Early notification of potential deemed dividends and reminders of upcoming dividends
A solution for the following challenges:
Determining the timing of cash dividends on convertible debt, preferred securities, stock rights and warrants
Determining the timing of corporate actions
Key product features:
Estimated dividend calculations prior to effective date.
Exact amount of deemed dividend on effective date (based on bond indenture formula) using two methodologies.
Enables holders of convertible debt, preferred securities, warrants that are convertible into common stock of the issuer, and stock rights to keep track of and calculate deemed dividends in compliance with Code Sec. 305(c).