Third Avenue cancels plans to put assets in liquidating trust

Discussion in 'Market News' started by ForexLive, Dec 16, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    BBG headline The interesting sub-plot to Third Avenue's shutdown is how they've tried to avoid liquidating assets. It's an open ended trust so by law investors should be able to get their money back. They asked the SEC to transfer the junk bonds to a liquidating trust while giving investors shares in the trust as redemptions.

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