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Subject:  SFL bond offering Date:  1/25/2013  9:28 PM
Author:  Hohum777 Number:  2811 of 3766

SFL announced a bond offering of $250M. Then turned around, upsized the deal to $350M. Then,
my guess on "major shareholder" would be, Fredriksen trusts loaned out about $100M in shares
for a Deutsche Bank subsidiary to short the company.

It sorta reads like major shareholder is selling shares, but they aren't. At least,
not at the present time. I wonder if DB is playing the short side because they know
the Q4 div was accelerated, and paid out early. Thus, a dividend bounce is less likely, and the
lack of dividend might surprise some investors. I'm guessing the proceeds from the
bond offering go to retire most of the debt on the existing bond repayment.
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