Task: Instance Description Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes the instance 'SOFF'?

A. ISO 15022 classifier for corporate actions in which an offer is made to existing shareholders by the issuing company to repurchase equity or other securities convertible into equity
B. ISO 15022 classifier for corporate actions that involve the distribution of subsidiary stock to the shareholders of the parent company without a surrender of shares
C. ISO 15022 classifier for corporate actions that disseminate information regarding a change further described in the corporate action details
D. ISO 15022 classifier for corporate actions that involve conversion of securities (generally convertible bonds or preferred shares) into another form of securities (usually common shares) at a pre-stated price/ratio

Answer: ISO 15022 classifier for corporate actions that involve the distribution of subsidiary stock to the shareholders of the parent company without a surrender of shares