If one buys today and tender the shares.
Price of $3.84 returns about 4.2%.
Price of $3.85 returns about 3.9%.
Price of $3.86 returns about 3.6%.
Price of $3.87 returns about 3.4%.
Price of $3.88 returns about 3.1%.
Price of $3.89 returns about 2.8%.
Price of $3.90 returns about 2.6%.
Price of $3.91 returns about 2.3%.
Price of $3.92 returns about 2.0%.
These are returns for less than 2 weeks and yearly returns will be 26 times (52 weeks / 2) of above returns.
I will not be worry about if all my shares will be accepted at $4 since most funds that added recently have cost above $4 and this is why they have doubled their positions recently. They are not in SVU for 2% to 3% gain but 20% to 50% gain.
The chance for getting all tendered shares at $4 is very high and at least 80% to 90% of shares will be accepted.