I've switched part holdings to IGR (only because I trade this short term- would not have done so with any long term holdings). Out at 2.66 and in at 41c for the 3.2% discount. Not a big discount but the chances of this not going through seem remote enough and more importantly (while still fairly unlikely) there is always the possibility of a competing bid. Stranger things have happenned. Of course there is the slight risk of the deal falling through but I think the odds of a higher bid would be higher than the odds of the deal not going through. Again I wouldn't have bothered with long term holdings.
Any differing opinions on this strategy?
SLR Price at posting:
$2.67 Sentiment: Buy Disclosure: Held