Dundee increased their offer for the Series 2 Prefs to $19.50, a fixed price, plus will take up as many shares as are tendered, so no prorationing. As an added bonus they will also pay a prorated dividend of 26 cents. So $19.76 with an expecting closing of September 10th. Trading at 19.30 now, so an annualized return of around 40%. Not too shabby.