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Alliancebernstein Income Fund Message Board

  • axzl axzl Nov 15, 2001 2:05 PM Flag

    Smallfast or someone, could you

    review the terms of the rights offering for me? I can't seem to find any place to read about it myself. What is the exercise price of the rights and what is it based on, etc. Thanks in advance if you can help.

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    • It is my understanding the terms of the deal are not firmed up as yet, just like the x dates for the rights offering got all messed so are the deal terms !!!!

      The whole deal is a mess up second to none i have been involed in,however i think we are looking at a 5% discount to market price or NAV which ever one the manipulators decide is best for them i guess. (-:

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