Another 600 shares. A little overweight in ORI now. These shares likely will be sold when it climbs back to book value (+10%).
This is an offer for the ARPS, right? They pay out lower dividends than the fund does. Isn't that how the fund borrows at lower rates and invests at higher rates? I'm not sure Gross would own any of the ARPS. Somebody correct me if I'm off on this..