Each tender offer will have what they call a tender offer period. This period can last for several days to weeks. The period gives a chance for shareholders to learn more about the tender offer as well as inform their broker of their decision. With COL Financial, we post and announce the offer period on the Home tab. At the end of the offer period, that is the only time we will take out the shares from the portfolio so we can prepare them for the selling transaction to happen on the cross or transaction date. At COL, our offer period deadline is usually earlier so that we can collate and prepare all the necessary requirements to do the tender offer on the shareholder's behalf. 

So don't worry if the shares are still in your portfolio during the offer period. We will take them out after COL's tender offer period deadline.