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Closed-End Funds
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Re: SPE pfd offeringDecent writeup on the SPE pfd offering. The offering particulars say proceeds may be used for a self tender of 1/3 common shares, yet it also says that SPE may purchase shares at a discount. I wonder if it would do both. The self tender is kind of restricting while the purchase of shares (on the OM of course) would be much more flexible. http://seekingalpha.com/article/3999601-spe-rights-exercise?ifp=1 |
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