Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
I own this stock and it's down around 50%. Now they are....

"Fund to Conduct "Modified Dutch Auction" Exchange Offer for up to 15 Million Common Shares in Exchange for Preferred Shares and Cash; Offer Price Between $10.00 and $12.00 per Share Represents a Premium of 20%-44% Over Current Market Price"

They are also converting to a REIT to be complete Q1 2021.

This offer will not make me whole - I'm just wondering what the best course of action is at this time...go with the high $12 exchange or ignore it and hold the common stock?

I'm completely lost on this and would appreciate any help/input.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.