since the special dividend is not actually declared, not many arbs or investors are counting on it. look at the june options, the 15 calls are going for .20-.35 given a special div of .54 and a stock price at 14.40 the calls don't really reflect any dividend given a full month of time premium
people are reading the info for the proxy vote and dumping now or it could be some triton share holders shorting the stock now as they can deliver the new combined shares. since triton does not publicly trade we can't see the arbitrage but triton does have a lot of shares outstanding. by shorting now they will be liable for the special dividend
where are you getting this exchange info? have not read the s4 but overview on tal's website id just an exchange of stock and tal's shareholder will get an special div of .54
looks like we should wait till the down draft is over before buying tal went exdiv 5-10 for .45 and down .83 today
glng is the general partner of gmlp basicly the parent company. gmlp will get drop downs from glng and is basically the financing of the ships and via the mlp the way to distribute cash to share holders without a lot of taxes the GLNG company runs the ships and contracts for GMLP check out more on thier website.
interestin to me is comparing clmt to cvrr both refiners that have cut thier distributions clmt @ 5.00 cvrr @ 12.00 what is the big differences?
knop website states that it is a UK company. is the distribution subject to the foreign tax? or is it treated as US mlp's and do they issue a K-1 and when do they send it?