Current Price – $0.21
Expected Payout – $0.17 – $0.35
Upside – 67% (at high end of the expected range)
Expiration Date – TBD
Essex Rental was a struggling and over-leveraged crane equipment rental company. Over the last year the company has liquidated/agreed to sell both of its operating divisions and shareholders approved plan of dissolution on the 5th of June. The proceeds for equity holders are expected to be in the range of $0.17 – $0.35 per share.