The wind-down should be completed this year.
This company has decided to liquidate after running a strategic review last year. The process has been running smoothly, with the bulk of the assets already sold and a large dividend paid. This leaves investors with a clean, low-risk play for the final phase of the company’s dissolution.
The remaining assets are expected to be sold by mid-year. The stock currently trades below the guided further distribution range. Cross-checking management’s distribution guidance suggests the range is reasonable and an outcome above the lower end should be achievable. The setup offers an IRR of ~30%.
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