Post by
origami on Jul 14, 2006 10:28am
SHN.un
Buying Find at around $9.40 gives you SHN.un at around $20.20 and a 15% yield for anyone ok with holding SHN.un.
Comment by
thedave on Jul 17, 2006 10:03am
21.23 last on shn.un of which equals 9.87 for fe. what an arbitrage??
dave.
Comment by
tradeopps on Jul 17, 2006 10:20am
It is a bit worrisome how the market is not responding to the arbitrage oppty - not a ringing endorsement of SHN's unit price
Comment by
jamieb3 on Jul 14, 2006 10:32am
They don't yield anywhere near 15%
Comment by
Mexp3 on Jul 14, 2006 10:40am
More like 13.6% yield
$2.76 distribution / $20.20
Comment by
origami on Jul 14, 2006 10:48am
My mistake. Based it on .25 dist.
Comment by
jamieb3 on Jul 17, 2006 10:11am
I went through this lasy year when I owned PDG and ABX took them out. All I can say is there was no real point in waiting for the deal to happen, unless you wanted into ABX.