NexPoint Strategic Opportunities Fund Announces Significant Participation in Exchange Offer with $121 Million Tendered, Extends Expiration Date to January 4, 2021
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DALLAS, Dec. 11, 2020 /PRNewswire/ NexPoint Strategic Opportunities Fund (NYSE: NHF) ( NHF or the Company ) today announced its receipt of significant participation in its tender offer to purchase up to 15 million of its common shares ( Common Shares ) in exchange for consideration consisting of approximately 20% cash and 80% newly-issued Series A Cumulative Preferred Shares ( Series A Preferred Shares ) (collectively, the Exchange Offer ). Total Common Shares tendered were equal to 81% of the Exchange Offer.
American Stock Transfer & Trust Company, LLC, the Depositary for the Exchange Offer, has informed the Company that $121 million in Common Shares have been validly tendered and not withdrawn since the commencement of the Exchange Offer. The Company belie
The Globe and Mail Larry MacDonald Published December 10, 2020 Bookmark
Except for a few rallies along the way, short sellers on the Toronto Stock Exchange (TSX) have been in full retreat in recent months – as highlighted by the short position in the iShares S&P/TSX 60 exchange-traded fund (ETF).
On Nov. 30, it stood at 70 million units, down considerably from 120 million units in July.
Bearish bets at the sector level
The three most shorted sectors as of Nov. 30 were preferred shares, energy companies and banks, as represented, respectively, by the BMO Laddered Preferred Shares,
iShares S&P/TSX Capped Energy and
BMO Equal Weight Banks ETFs.