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Exchangeable Security |
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Exchangeable Security A security that grants its holder the right to exchange it for the common stock of a firm other than the issuer. Notes: These are often used in takeovers.Exchangeable Security Investment instrument that grants its holder the right to exchange it for the common stock of a firm other than the issuer of the instrument. |
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| A holder of an Exchangeable Security will have the right to exchange the security for a unit of the Fund once MDC is entitled to effectively exchange its 20% ownership of Custom Direct, Inc. A holder of an Exchangeable Security will have the right to exchange the security for a unit of the Fund once MDC has effectively exchanged its 20% ownership of Custom Direct, Inc. |
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Exchangeable Security
