ShareHolder FAQs
Effective Time of the Merger
The Merger became effective upon the filing of a certificate of merger with the Secretary of State of New York on the Merger Date (the “Effective Time”). This occurred during the afternoon of June 27, 2013.
At the Effective Time, on June 27, 2013, all of the outstanding shares of CH Energy Group (“Shares”) were cancelled and ceased to exist, and each Share was at the Effective Time converted into a right to receive cash, without interest, of $65.00.
Who Will Handle the Process for Paying the $65.00 per Share to the Shareholders?
Computershare Trust Company of Canada (“Computershare”) has been appointed by FortisUS to act as the “Paying Agent” in connection with the Merger.
How Will You Receive Payment?
In its capacity as Paying Agent, Computershare will implement the payment process described below. The process for payment for Shares held at the Effective Time differs depending on the form in which the Shares were held.
If you held Shares in physical certificated form or held Shares in both certificated and book-entry form, a Letter of Transmittal will be mailed by Computershare to you. Subject to compliance with any other requirements imposed by Computershare, you shall receive payment of the $65.00 per Share, in the form of a check mailed by Computershare, following the return by you to Computershare of a properly completed and signed Letter of Transmittal and any original certificated shares. We anticipate that the Letters of Transmittal will be mailed during the second week of July 2013.
If you held Shares solely in book-entry form (including Shares held in book-entry form in the CH Energy Group Dividend Reinvestment Plan), you shall receive payment of the $65.00 per Share in the form of a check mailed by Computershare to you at your address currently reflected on CH Energy Group’s record of shareholders. We anticipate that these checks will be mailed during the second week of July 2013.
If you held Shares in a non-registered form with a financial intermediary (i.e., a bank, a trust company, a broker, a nominee, etc.), payment of the $65.00 per Share will be effected through your account by your financial intermediary. We anticipate that payment will be made to you by your financial intermediary during the second week of July 2013.
Further Information
For any additional questions you may have, please refer to the mailing you receive from Computershare or you may call Computershare at 1-877-477-1578. If you have other questions that are not answered by those two resources, contact the CH Energy Group Shareholder Services office at 1-845-486-5204.