Current Price –$35.5
Offer Price - $38.5
Upside – 8%
Expiration Date - Q1 2018 (or earlier)
8% in a year might not sound overly attractive at first, but I consider this arbitrage opportunity to be close to risk free. The partnership will gradually distribute its only asset (which is ATH shares – large cap health insurer) to unitholders and then liquidate. AAA trades in Amsterdam and it is possible to purchase units using Interactive Brokers.
Current Price –$0.105
Expected pay-off – $0.15+ (potentially $0.25+ or more)
Upside – at least 45%+
Expiration Date - TBD
This is just a quick note as I have not had a chance to look at this more in depth and should be able to do that next week. This special situation concerns nano-cap company (market cap only $10m), thus stock can be really volatile, so do your own due diligence before investing. I have a small long position in IMSCQ.
Current Price –$0.92;
Expected distributions – $1.08 – $1.25;
Upside – 15% to 35%;
Distributions are expected to be completed by Q4 2016 or beginning of Q1 2017 (within 6 months). Funds will be distributed only for record holders as of 30th of August.