Gain Capital (GCAP) – Tender Offer – 7% Upside
Current Price – $7.42
Tender Price – $7.24 – $7.94
Upside – 7% (if priced at the upper limit)
Expiration Date – November 6th, 2018
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Blackrock Enhanced Government Fund (EGF) – Odd Lot Tender – $45 Opportunity
Current Price – $12.75
Tender Price – $13.22
Upside – 3.7% (or $45 for odd-lots)
Expiration Date – November 26th, 2018
Blue Bird (BLBD) – Odd Lot Tender – $200 Upside
Current Price – $26
Merger Consideration – $28
Upside – 8% ($200 for odd lot holders)
Expiration Date – October 15th, 2018
Thomson Reuters (TRI) – Tender Offer – 5% Upside
Current Price – $44.6
Tender Price – $42.0 – $47.0
Upside – 5.5% (if priced at the upper limit)
Expiration Date – October 2nd, 2018
Swiss Helvetia Fund (SWZ) – Expected Tender – 3%+ Upside
Current Price – $12.54
Expected Price – $12.9+
Upside – 3%+
Expiration Date – Expected Q3 2018
Alico (ALCO) – Odd Lot Tender – $60 return
GlobalSCAPE (GSB) – Odd Lot Tender – 14% Upside
Current Price – $3.95
Tender Price – $4.0 – $4.5
Upside – 14% (if priced at the upper limit)
Expiration Date – September 19, 2018
Qualcomm (QCOM) – Tender Offer – 5% Upside
Current Price – $64.09
Tender Price – $60.0 – $67.5
Upside – 5.3% (if priced at the upper limit)
Expiration Date – August 27th, 2018
Greenhill & Co (GHL) – Expected Tender Offer – Upside TBD
Bexil (BXLC) – Odd Lot Tender Offer – 12% Upside
Current Price – $11.8
Tender Consideration – $13.25
Upside – 12%
Expiration Date – August 9, 2018
Altaba (AABA) – Tender Offer – 2% upside
ECN Capital (ECN.TO) – Tender Offer + Interesting Spin-off – 10%-55% upside
Current Price – $3.56
Tender Price – $3.90 (Intrinsic Value – $5.6)
Upside – 10%-55%
Expiration Date – TBD
Barings BDC (BBDC) – Tender Offer – 10% Upside
Current Price – $10.63
Tender Price – $10.2 – $11.72
Upside – 10% (if priced at the upper limit)
Expiration Date – September 6th, 2018
Aberdeen Emerging Markets (AEF) – Expected Tender Offer – 6% upside
Current Price – $8.83
Expected Tender Price – $9.38
Upside – 6% (assuming constant NAV)
Expiration Date – June 19, 2018
Computer Task Group (CTG) – Tender Offer + Shorting Opportunity – 10%-30% Upside
Current Price – $8.10
Tender Price – $8.05 – $9.00
Upside from Tender – 11% or $90 (if tender is priced at the upper limit)
Upside from Shorting – 30% (if share price reverts to unaffected levels)
Expiration Date – 16th of April 2018