Am i able to participate in a redemption facility offered by the company via my spreadbet position? What do I need to do in order to participate? The redemption is voluntary and so by doing nothing, when holding the shares, the facility would not be participated in.
The example I am considering is where the shares are trading at a, say, 10% discount to NAV and the company offers to redeem those shares at NAV by liquidating part or all of their underlying portfolio (in the case of an investment company which has an underlying portfolio of holdings).
Thanks