RE:RE:RE:VUL is the real buy here Yes, it will drop when the spin out actually occurs. It'll drop by whatever the value is/has been set at.
all this painful weeks long drop has nothing to do with the mechanics of what's going to happen. Maybe someone(s) wanted out, margin calls etc. lot of reasons to want out. Their timing doesn't work for me but that's life eh?!
Point is, whatever we wind up at today, we'll "drop" more by whatever the value of tpr is going to be set at. Painful day on paper anyways....