It is strange though that there is no news yet it keeps climbing and shareholders know they are going to get an offer to purchase under a spp. So you should safely assume that you could sell $15K of your holding and repurchase same at the price of 40c and should take into account the divy you wouldnt get of 1.5c.
I have noted that they may well be getting closer to restructuring the ADIFII fund finally. There is new material (PDS) on website and a new offer for units at $0.75 per unit with 8% guaranteed return and a capital guarantee from Abacus for 2016. Its a sweet deal for investors but you are plugging in a premium on the nav of 47c and after the new issue its 63c. However with a cpi linked investment. capital guarantee and the defined exit date I would assume that it will have a wider appeal and on top of that it gives ABP extra time to resolve the capital decline in the assets.
Maybe with this they see the funds starting to role in again and with a few distressed assets out there they can enhance the portfolio.
Anyway I am still surprised by the strength of the ABP sp at the moment.
what tha... 39c !!!, page-18
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