In an odd-lot tender offer ("Odd-lot Offer"), the offer to purchase is limited to security holders who own less
than 100 shares ("Odd-lot Holders"). The purpose of an Odd-lot Offer generally is to reduce the issuer's disproportionately high cost of servicing small shareholder accounts, and to enable such shareholders to dispose of their securities without incurring brokerage fees.
The benefits of buyback of shares is that you will be able to sell them at a high price. The company's benefit is that they can reduce the amount of shares that are on the market.
an odd lot an odd lot
Is the getting back or recall of an investment fund from an insurance broker or a investment comapny/bank
An odd lot
A buyback is a repurchase of something previously sold, especially of stock by the company which issued it.
Because most stocks are sold in "blocks" of 100 shares (rarely more or fewer), a transaction of fewer than 100 shares is called an "odd lot". This can also be applied to trades that are not in strict multiples of 100 shares. The commission applied to such trades is often larger, or a greater percentage than for trades in 100 multiples.
Compare buyback prices, read reviews, and leave feedback from all of the top online book buyback companies. For more information, you can visit www.bookscouter.com.
100 shares of stock is called a round lot.
The symbol for PowerShares International BuyBack Achievers Portfolio in NASDAQ is: IPKW.