They should know the proxy votes by last night as I suppose most were submitted electronically. They also know the votes of the big players.
I know its on small volume and can jump about during the day, but the arbitrage advantage of buying ESS has fallen to just 2.8%, the lowest of my "irregular" monitoring. This is based on $3.09/$0.48. This might suggest that the risk premium is gone and is now an inconvenience premium (its messier to buy ESS to get DVP than to buy DVP directly)
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- Ann: ESS: Scheme of Arrangement Update
Ann: ESS: Scheme of Arrangement Update, page-123
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