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As of Thursday night 1/6, I still don't have the new ARCC shares or the cash.

I have an itching feeling that ARCC is going to see some downward pressure as those shares hit the accounts.

ACAS hasn't been an income/BDC investment for 8 years and those in it were capital appreciation/value players. I think many will move on and look for other value plays.

That said though, if it does get hit, it should last long.

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