Rarely does a dividend slashing amount to a good deal for shareholders.
A 66% dividend cut is a 66% cut, be it in a taxable or tax-deferred account. This takeover will result in a massive loss of income to any shareholder who holds her shares then accepts CNOB shares at the closing next year.
Math doesn't work in a taxable account.
A 66% dividend cut is a 66% cut, be it in a taxable or tax-deferred account. This takeover will result in a massive loss of income to any shareholder who holds her shares then accepts CNOB shares at the closing next year.
Math doesn't work in a taxable account.