Ann: Market Update - Preliminary Final Report, page-59

Well I'd imagine they have a trading strategy they always use, and divide up which funds to divert to it, from BHD, HML, etc. But considering BHD has been trading, they should have been using any available funds from HML as well.

I agree I think the NTA could be lower, which is why we're waiting. But if its $1.60, and the deal has been done, thats a lot lower than the estimated$2.50 they broadcasted to the market. And wouldn't be a good sign at all, IMO.

I still personally think it hinges on the dividends