Illustrative Example. For illustrative purposes only, below is a hypothetical example of the calculation of the respective vote fractions, assuming one vote per Underlying Share, the 90-Day VWAP of the Asset Certificate is $350.00 and the 90-Day VWAP of the Dividend Certificate is $50.00: As a result, in this illustrative example, each Asset Certificate would be allocated 0.875 of a vote per certificate, and each Dividend Certificate would be allocated 0.125 of a vote per certificate.
Appears in 6 contracts
Sources: Voting Trust Agreement (Permuto Capital AAPL Trust I), Voting Trust Agreement (Permuto Capital AVGO Trust I), Voting Trust Agreement (Permuto Capital MSFT Trust I)
Illustrative Example. For illustrative purposes only, below is a hypothetical example of the calculation of the respective vote fractions, assuming one vote per Underlying Share, the 90-Day VWAP of the Asset Appreciation Certificate is $350.00 and the 90-Day VWAP of the Dividend Certificate is $50.00: As a result, in this illustrative example, each Asset Appreciation Certificate would be allocated 0.875 of a vote per certificate, and each Dividend Certificate would be allocated 0.125 of a vote per certificate.
Appears in 1 contract
Sources: Voting Trust Agreement (Permuto Capital MSFT Trust I)