Yep. Also appears that UBS has been a strong seller over the past few months.
Realistically, this is effectively a share placement at $1.33 - so above the current market price. The coupon yield is similar to what would be receive from distributions had it been a placement at the same price.
Looks like a good outcome for VPG. Let's hope the market agrees. Will find out in 10!
MJS
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