re: Ann: Capital management and future direct...
Hi Rick Ordinarily a return of capital would narrow the discount. I.e presently it trades circa 20% discount at 2.20. Post a $1-45 capital return it would trade at $1.00 on an NTA of $1.20. this provides a value uplift, I.e. $1.45 + $1.00= $2.45 versus current $2.20. However given that HCI are unlikely to go away, and there is a legal claim worth more than 20 cents per share, I don't think normal trading will prevail. The more I think the more I wish to tender 100% of my shares for $2.37, and see what size of residual holding I end up with. I will have a look at IPE and RCU. Thanks and regards
OCP Price at posting:
$2.18 Sentiment: Hold Disclosure: Held
