Dividend Protection definition
Examples of Dividend Protection in a sentence
The “daily conversion value” on a given trading day means 1/20 of the product of the applicable conversion rate and the vwap of HCN common stock on that trading day Dividend Protection and Anti-Dilution Adjustments: Dividend protection—Adjustment upon quarterly cash distributions in excess of $0.64 per share to holders of HCN common stock.
Dividend Protection In accordance with Section 2.07 of the Transaction Agreement.
Stock $35.00 5.2363 4.8089 4.3385 3.8259 3.2444 2.5896 1.7646 0.0000 Price $40.00 4.4492 4.0412 3.586 3.0813 2.5007 1.8358 1.0159 0.0000 on $45.00 3.8929 3.5093 3.0857 2.6158 2.0771 1.4687 0.7611 0.0000 Effective $50.00 3.4815 3.1278 2.7365 2.3041 1.8141 1.2658 0.6559 0.0000 Date $75.00 2.3061 2.0644 1.7957 1.5020 1.1816 0.8242 0.4320 0.0000 Put Dates: None Registration: 144A with Registration Rights Dividend Protection: Anti-dilution protection via a conversion rate adjustment.
Call Protection: Non callable for life Dividend Protection / Full dividend protection—Conversion Rate Adjustment upon any increase in cash distributions above a quarterly distribution of $0.00 Anti-Dilution: per share to holders of the Issuer’s common stock.
For instance, instrument with 5 year maturity has a Credit Spread of 665 bps (6.65%) Volatility 50.0% Auto Unchecked Curve US Swap Stock Yield 0% Borrow Cost 0.50% Model Risky Bankruptcy Unchecked Floor % n/a Grey Market 100% Dividend Protection Ratio Adjustment Screwed No Any other items in Kynex are not used for computation purposes and are assumed to be ‘None’ or ‘0’ (such as: Co-Co years, Conv Px Reset Floor).