See:
> Saba’s Boaz Weinstein Sees Value in Closed-End Fund Arbitrage
> Wall Street Managers Pile Into Closed-End Funds on Big Discounts
<<
"Closed-end fund arbitrage is the thing I’m most interested in today because it is tangible — it’s an arbitrage that you can collapse yourself. In closed-end fund arbitrage you can actually control your destiny,” he said at the Bloomberg Invest conference in New York Wednesday.
>>
I've written up the opportunity for shareholders to organise and convert HM1 to an Open End structure (e.g. Active ETF) that trades at NAV.
See: Hotcopper/HM1: Why HM1 shareholders should vote to convert it to an Open End fund
Ann: Becoming a substantial holder, page-13
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Last
$2.60 |
Change
0.010(0.39%) |
Mkt cap ! $595.3M | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.63 | $2.59 | $272.4K | 104.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $2.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.63 | 24006 | 3 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| HM1 (ASX) Chart |