RMR is in the practice of buying all the shares of SIR you can buy if you threaten a Proxy Fight. They will have GOV buy them from you so they can retain control and no fight. Just look at the past 2 GOV purchases of SIR.
Your correct, in fact the previous SIR sale to GOV was at $31...not too long ago. Ripped off GOV holders even thou they will receive the SIR divy.
I was thinking the same..I actually had the divy at 75 cents because of the history of ris. Good call!
Was no cut in the Regular dividend. The special dividend is in the new buy back...so that $75 million added to the balance...correct? About $50 million was the special divy per quarter...so we got an additional $25 million in buyback to boot!
Seems like a no brainer...any thoughts, comments on this asset?