Live and archived Canadian tender offers with odd lot provisions. All figures quoted in Canadian Dollars.
Cash distributions from Canadian tender offers are deemed in part dividends, subject to Canadian dividend taxes (notably dividend withholding taxes for non-residents of Canada). Max profit is based on market price and a holding of 99 shares if the offer hypothetically cleared at the upper limit price, and is presented before tax and transaction fees – tax implications will vary between country of residence and for individuals resident in Canada. These should be calculated and understood before participation – taxes can surpass any profits from participation and result in net losses, particularly for residents of countries outside of Canada. Investors should do their own research in to the tax regime that applies to them and seek tax advice if needed before participating.
IMPORTANT UPDATE: Frontera have announced that they will amend the terms of the offer to remove the preferential acceptance of odd lot tenders. Link.
- Filing date: 11 Sep 2024
- Price at time of writing: $8.14
- Paid up capital per share (for tax purposes): Approx. $14.98
- Lower limit price: $12.00
- Upper limit price: $12.00
- Maximum profit: NA – Odd Lot Provision Withdrawn
- Expiration date: 17 Oct 2024
- Filing: Link
As usual investors should ensure they are comfortable with the tax implications of participation in Canadian tender offers before participating.
- Filing date: 15 Dec 2020
- Price at close: $6.30
- Lower limit price: $6.50
- Upper limit price: $7.50
- Maximum pre tax profit: $118.80
- Expiration date: 20 Jan 2020
- Filing: Link
Tender is for Class B shares only (ORC.B).
Company is incorporated in the British Virgin Islands so the Canadian withholding tax typical of listings on TSX is unlikely to apply in our opinion.
We are not tax experts and cannot provide tax advice regarding any taxes that might apply to individual investors, please consult a tax advisor if you are in doubt.
- Filing date: 09 Nov 2020
- Price at close: $704.00
- Paid up capital per share (for tax purposes): Approx. $18
- Lower limit price: $650.00
- Upper limit price: $750.00
- Maximum pre tax profit: $4,554.00
- Expiration date: 16 Dec 2020
- Filing: Link
Canadian tender offer proceeds are subject to Canadian dividend taxes. Non-Canada resident investors are unlikely to profit from this transaction due to 25% (tax treaty dependent) withholding taxes on proceeds taxed as dividends.
All investors should ensure they understand the tax implications detailed in the filing and consult a professional tax specialist if required before participating.
