In today’s briefing:
- Last Minute MNACT Arb and Index Selling
Last Minute MNACT Arb and Index Selling
- Today is the last day of trading for Mapletree North Asia Commercial Trust (MAGIC SP) also known as MNACT.
- That means today is index deletion day for any number of global indices, even though MNACT is not in many of the major ones.
- Payment will be S$1.949/unit plus a Clean-Up Distribution. There may be opportunities at the close. Strategy below.
Before it’s here, it’s on Smartkarma
