IVH - IVH: Last 3 Days To Get A 6% Discount On ACP

March, 08 2023 02:49 AM Ivy High Income Opportunities Fund of Beneficial Interest

2023-03-08 02:49:26 ET

Summary

IVH is set to be merged into ACP on March 10, 2023.
Although it has narrowed, the two CEFs are still trading with a difference in discounts to net asset value.
With a stable market and near-term merger, an investor can engage in a short-term week trade on these two names.
These merger arbitrage opportunities exist due to market risk fears around overall high-yield moves.
An investor interested in starting a position in HY can basically obtain a 6% discount with only 3 days worth of risk.

For further details see:

Company Name:	Ivy High Income Opportunities Fund of Beneficial Interest
Stock Symbol:	IVH
Market:	NYSE