U.S. Proxy Voting Manual
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Recapitalization

Votes CASE-BY-CASE on recapitalizations (reclassifications of securities), taking into account:

  • More simplified capital structure

  • Enhanced liquidity

  • Fairness of conversion terms, including fairness opinion

  • Impact on voting power and dividends

  • Reasons for the reclassification

  • Conflicts of interest

  • Other alternatives considered

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Private Placements / Issue of Warrants or Convertible Debentures Up Reincorporation Proposals

 
 

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