Recent

% | $
Quotes you view appear here for quick access.

Alpine Global Premier Propertie Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • geckobrah geckobrah May 30, 2012 3:01 PM Flag

    Tender Offer

    The offer prospectus at item 8 says they will use "cash on hand and proceeds from the sale of portfolio securities..." to pay those who tender.

    It may be overly simplistic, but it seems to me if the fund is purchasing shares at 95% of NAV, when in the open market it could buy for less (current discount is about 9%), it can only hurt the overall value of the fund. It also seems to me that the open market discount should start narrowing toward the 5% as the tender end date draws near, otherwise there would be a clear arbitrage opportunity.

    I intend to hold and hope for the best.

 
AWP
7.00+0.02(+0.29%)Apr 24 4:02 PMEDT