Where can I find regulatory filings made by Nutrien?
- For SEC regulatory filings, please refer to the EDGAR Filings page for online versions of filed reports.
- For Canadian securities regulatory filings, please refer to the SEDAR Filings page for online versions of filed reports.
What will happen to my shares?
All shares in both Agrium and PotashCorp were exchanged for shares in Nutrien effective January 1, 2018. Agrium shareholders received 2.23 Nutrien shares for each Agrium share. PotashCorp shareholders received 0.40 Nutrien shares for each PotashCorp share. No fractional shares of Nutrien were issued. Each Agrium shareholder and PotashCorp shareholder that would otherwise have been entitled to receive a fraction of a Nutrien share will receive, in lieu thereof, a cash amount, without interest, determined by reference to the volume weighted average trading price of Nutrien shares on the Toronto Stock Exchange on the first five trading days on which such shares trade on such exchange following January 2, 2018.
What are the tax implications of the merger?
Shareholders should consult their tax advisors regarding the tax consequences of the transaction.
Certain Canadian Federal income tax considerations are described starting on page 84 and certain U.S. federal income tax considerations are described starting on page 88 of the Joint Information Circular dated October 3, 2016.
How can I receive my shares of Nutrien?
Agrium or PotashCorp shareholders whose shares are registered in the name of a broker, dealer, bank, trust company or other nominee should contact their nominee if they have questions regarding the transfer process.
Registered holders of Agrium shares or PotashCorp shares must deposit with the Depositary, AST Trust Company (Canada), the applicable validly completed and duly signed Letter of Transmittal together with the certificates representing the Registered holder’s Agrium shares or PotashCorp shares, as applicable, and such other documents and instruments as DTC or CDS, as the case may be, may reasonably require in order to receive the Nutrien shares issuable to them pursuant to the transaction.
Registered holders of Agrium shares and PotashCorp shares were provided with the applicable Letter of Transmittal. Letters of Transmittal are available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
Further information can be found starting on page 72 of the Joint Information Circular or by contacting AST Trust Company (Canada).
Nutrien’s Transfer Agent and Registrar is AST Trust Company (Canada). A Transfer Agent and Registrar maintains a record of all outstanding stock certificates and the names of the persons to whom they are registered. When registered stock certificates change hands, the Transfer Agent facilitates the title transfer of stock ownership from the seller's name to the buyer's name.
For information about your current holdings in Nutrien, or previous Agrium or PotashCorp ownership standing and transaction history, either contact your broker or, if you hold your shares in certificate form, register with AST Trust Company's AnswerLine – an added service feature provided by our Transfer Agent and Registrar.
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Nutrien expects to target a stable and growing dividend that reflects the anticipated strengthened cash flow profile of the combined companies. Subject to market conditions and Nutrien Board approval, Nutrien expects to establish a dividend payment similar to the previous Agrium level of dividends, adjusted for the number of Nutrien Shares outstanding. The amount of future dividends, if any, and the declaration and payment thereof will be based upon Nutrien’s financial position, results of operations, cash flow, capital requirements and restrictions under its revolving bank lines, as well as broader market and economic conditions, among other factors, and shall be subject to Board approval and be in compliance with applicable law. Nutrien's board will have the power to amend Nutrien's dividend policy in any manner and at any time, including the power to suspend or discontinue the payment of dividends in the future.
Nutrien intends to implement a dividend reinvestment program (DRIP), however this is subject to approval by the Nutrien Board. Further details of the plan, if approved, will be available following the first dividend declared by Nutrien.