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0 pointssseveran8y ago0 comments

We can get around this easily enough with a Total Return Swap. This way we can move the economic interest around with out ever moving the shares.

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3 comments · 1 top-level

eries8y ago· 2 in thread

Our system actually handles this gracefully. If you change the beneficial owner, that’s the same as selling the shares (for voting purposes)

I TRS has nothing to do with the beneficial owner. The company has no way of knowing that the TRS even exists.

The beneficial owner of record will never change.

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