RE:RE:Return of capitalCan you explain where your numbers are coming from?
The share price isn't going to "tank" after July 9th, because the shares have a due bill attached until payment day on July 17th entitling them to the return of capital.
At present the market values HWO at about $1.50/share. I would then expect the share price to be reduced by the amount of the return of capital, as would be expected. So about $1.50 - $0.76 = $0.73 - call it $0.70 share price perhaps. Why would an investor planning to sell wait for a return of capital and then immediately sell, as opposed to selling before the return of capital? There shouldn't be any arbitrage and the return of capital doesn't affect capital gains, because the cost basis will be reduced as well.
Please feel free to correct me on any of these points as I am not an expert.