We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Balanced Commercial Property trust buyout.
longleggedhair
Posts: 475 Forumite
I have a fairly substantial holding in the above trust which has been bought out by a private company. I’ve held them in the BMO savings plan for donkeys years. Although I’ve had all the info on the buyout and the vote is yet to happen, given the premium offer price I assume it’s a done deal, although I’ve been unable to find when the expected date we will receive the cash payout? Does anyone with more experience have any idea? Thank you.
0
Comments
-
The trick with offer documents is to search for, “timetable.” At the moment it looks like it’s just, “Q4 2024.” Firmer dates will follow in a Scheme document.longleggedhair said:I have a fairly substantial holding in the above trust which has been bought out by a private company. I’ve held them in the BMO savings plan for donkeys years. Although I’ve had all the info on the buyout and the vote is yet to happen, given the premium offer price I assume it’s a done deal, although I’ve been unable to find when the expected date we will receive the cash payout? Does anyone with more experience have any idea? Thank you.
https://docs.columbiathreadneedle.com/documents/5.1%20Rule%202.7%20Announcement%20BCPT.pdf?inline=true
https://www.columbiathreadneedle.co.uk/bcpt-strategic-review/
3 -
I have these and expect q4. I ve taken a hit on the capital so offsetting the loss on other profits.
Questor recommended aewu which I bought last week, c8% yield, tucked away in the isa.0 -
Received this morning:I have also been invited to vote on the takeover
- The takeover also needs court approval at a hearing on 15 November 2024. If approved, the offer will complete on 15 November 2024. The cash will be paid on or around 29 November 2024.
0 -
Just to wake this thread I recently saw my portfolio drop by an unlikely amount as BCPT shares had lost all their value. They are currently greyed out and have a value of the offer price. As per previous post about 2 weeks to settle while I think about something to do with the cash.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards