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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.

0 comments

eries8y ago

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.

j / k navigate · click thread line to collapse

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.

eries8y ago

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.

j / k navigate · click thread line to collapse