NO.PZ202207040100000702
问题如下:
Of the three techniques mentioned by the potential investment manager, which is most likely to interfere with Pool 2’s goal associated with corporate governance issues?选项:
A.Technique 1 B.Technique 2 C.Technique 3解释:
SolutionB is correct. When using security lending, the voting rights are transferred to the borrower of the securities. Thus, Pool 2 would not be able to exercise its voting rights through proxy on those shares.
A is incorrect. The dividend capture strategy is independent from the shares owed by the pool; shares that are about to go ex-dividend are purchased and sold after they go ex-dividend. There would be no impact on the core shareholdings in the portfolio being held for governance reasons.
C is incorrect. Writing covered calls involves selling call options on stocks that are already owned in the portfolio. It does not conflict with the desire to vote shares expressed in Pool 2.
RT