IMO...Not a good deal for NRF shareholders but a great deal for CLNY shareholders who would be acquiring assets for less than half of their value, who continue to receive the equivalent of $1.60 annual distributions and who gets the NSAM asset management base all without the obscene compensation paid to NRF/NSAM management. The only question is why do CLNY shareholders not recognize how good this deal would be for them as noted by the price action of CLNY shares over the past two days.
Scottrade, Fidelity, and Interactive Brokers all got NRF right by the middle of March. However, not one of them had all the necessary corrections made especially concerning ETNs (exchange traded notes). For some reason they don't understand that notes pay interest and not "other income" or dividends.