Last week there were two rights offering that went “ex-rights”. :
– Gabelli Health Care &Wellness (ticker: GRX): Three rights will enable you to buy one share at $6.50 which is considerably below the last closing price of 7.44.
– GDL Fund Preferred B shares: The owners of the existing A preferred shares will receive rights to purchase the new B shares at $50.
I am participating in both of these rights offerings.
I recently published some more articles in Seeking Alpha:
1) Article on the EXD closed-end fund which uses an interesting multi-strategy approach. I think EXD could be a good buy if the VIX ever goes over 30 again.
2) article on DDF, a conservative income play available at a decent discount to NAV: