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.
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 – 28.37p
Expected Proceeds – 43p (current NAV)
Upside – 53%
Expiration Date – TBD (expected in H2 2018)
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 –$9.4
Expected pay-off – $12.5 – $15
Upside – 30% – 50%
Expiration Date - Liquidation expected to be completed in 12 months
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.