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