RE: Financial Trust - Tender on our bonds - Option #1 or Option #2?
On Tue, Feb 19, 2013 at 2:45 PM, Barrett, Paul S wrote:
Jeffrey,
Our $2.5 million American Axle 7.875% 2017 bonds are being tendered at 103.00 plus any accrued interest. We should tender; don't want to be stuck with a small illiquid issue. We paid 104.63 back in March 2011 (yield at the time was 6.80%). So holding period was over 2 years. Let me know.
Paul
Xcitek Solutions Manager
Jeffrey Epstein's response:
I agree, let's proceed with the tender.
Paul,
I saw the email response from Jeffrey Epstein on this corporate action for Financial Trust. Please advise whether we should elect for Option #1 or Option #2?
Options:
Option 1: CONSENT AND TENDER ON PRINCIPAL AMOUNT (ON OR PRIOR TO EARLY TENDER EXP. DATE RECEIVE FEE).
Option 2: CONSENT AND TENDER ON PRINCIPAL AMOUNT (AFTER EARLY TENDER EXP. DATE BUT PRIOR TO EXP. DATE - NO FEE).
Option 3: TAKE NO ACTION ON (QUANTITY), *Default Option
The accounts affected by the corporate action are: Financial Trust
Thanks,
Janet Young
Vice President
J.P. Morgan
500 Stanton Christiana Road, Newark, DE 19713
T: 800-634-1318
F: 888-431-6607
Option 1 Please
Thanks,
Renee Weissen
J.P. Morgan Global Trust Services Corporate Actions Group
320 Park Avenue, Floor 14
New York, NY 10022
T: 212.622.7422
F: 212-310-0144
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