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SPDR Portfolio Intermediate Term Treasury ETF T.ITE


Primary Symbol: SPTI

to provide investment results that before fees and expenses correspond generally to the price and yield performance of an index that tracks the intermediateterm sector of the United States Treasury market In seeking to track the performance of the Bloomberg 3-10 Year U.S. Treasury Index (the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc.


ARCA:SPTI - Post by User

Comment by mjh9413on Aug 22, 2024 1:00am
208 Views
Post# 36191193

RE:RE:What exactly is the offer

RE:RE:What exactly is the offer

I would say hat the valueof the bid is going to be dependant on the GBP to CAD excahnge rateand the share price of GTE yiu se to calculate the value of 1 GTE share /207 ITE shares . Yoday that will result in:

10.43, pence at 1.73  = 18,043 cents
207 share equiv at a $10,65 GTE sp  = 5.144 cents

Total value today 23.18cents

As I said before, we would get the dividend if there were no takeover

You can work it out every day to youur heart's content but the result is that is too little and, to my mind, the future GTE share price would have to be $24 minimum to represent fair value to today's ITE shareholder and, since reaching that lofty level is impossible for GTE, the "deal is a steal."

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