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Alpine Global Premier Propertie Message Board

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  • blair.wagner May 24, 2012 8:51 PM Flag

    Tender Offer

    If I understand the offer they are offering
    95% of NAV which today is 6.65 so you would
    get 6.31 This is assuming a static situation
    until june 18.

    But they are paying .05/shr as a dividend
    so we are looking at getting approx. 6moths
    of dividend early and then not own the stock.
    To me it is not worth doing that I will hold
    on to the stock and collect my monthly 50$
    on my 1000 shares.
    That is my take on what I currently know
    for what it is worth. Not sure why they
    are doing this but it looks to me the
    people who will benefit most are those
    that keep their shares.

    Your take on this is welcomed.


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    • I don't understand why the stock hasn't gone up in light of the tender offer terms. Buy here with a chance to cash in in a few weeks with a tender price higher. No guarantee your shares will be taken but still attractive in light of todsy's stock price.

      • 1 Reply to wardsown
      • Because the stock market has been heading down. If you buy today at the discount to NAV for 6.02 and you were to get the tender offer it would be for 6.32. But if the NAV keeps falling the tender offer might not be that much of a gain (if not a loss).
        I don't think this is going to be the case, but you never know with these crazy markets.

        Otherwise it would make sense to load up on thousands of shares.

        Then again, if you think these folks know what they're doing, you are better off holding the stock, getting the PPS increase and sticking around for a few dividends as well.

4.69+0.03(+0.64%)Feb 12 4:02 PMEST