Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

Starwood Rejection of Extension Means Full Hostile Tender

Invesco Office OPPOSES Starwood Hostile Offer and Gets a Distinctly Beige Knight

Starwood Bumps Terms, Lowers Threshold on Invesco Office

Starwood Targets Japan's First Hostile REIT Full TOB for Invesco Office J-REIT

Quiddity Advisors

Event-Driven

<p>Today after the close, <a href="https://www.smartkarma.com/entities/invesco-office-j-reit-inc" target="_blank" data-smartkarma-citation="entities:7414:1" rel="noopener">Invesco Office J Reit (3298 JP)</a> announced that it was asking Starwood Capital Group for an extension of their <a href="http://invesco-reit.co.jp/file/en-news-35995d013a64d08d52ee32686f3304893ec9a21e.pdf" target="_blank" rel="noopener">Tender Offer</a> (launched a week ago) to 60 days, made an announcement establishing a Special Committee with appointed committee members and related consultations, and posted a Notice Concerning Statement of Opinion (Opinion Reserved) regarding the Tender Offer by Starwood Capital Group.</p><table class="table table-striped"><tbody>
<tr><td colspan="3" style="width: 658.4px;"><h2>The Announcements</h2></td></tr>
<tr>
<td style="width: 412px;"><h3>Announcement</h3></td>
<td style="text-align: center; width: 104px;"><h3>English</h3></td>
<td style="text-align: center; width: 100.8px;"><h3>(日本語)</h3></td>
</tr>
<tr>
<td style="width: 412px;">Notice Concerning Announcement of Establishment of Special Committee, Appointment of Committee Members, and Consultation with Special Committee</td>
<td style="text-align: center; width: 104px;"><h2><a href="http://invesco-reit.co.jp/file/en-news-2c70a0c6dffb269f2c64a71eb15f82517d3cf72f.pdf" target="_blank" rel="noopener">👹</a></h2></td>
<td style="text-align: center; width: 100.8px;"><h2><a href="http://invesco-reit.co.jp/file/news-8686faaf81072b6debc86163c7b2d5a1ba067a72.pdf" target="_blank" rel="noopener">🤖</a></h2></td>
</tr>
<tr>
<td style="width: 412px;">Notice Concerning the Request for Extending the Period of Tender Offer by Starwood Capital Group</td>
<td style="text-align: center; width: 104px;"><h2><a href="http://invesco-reit.co.jp/file/en-news-e129ef9cb7bec54bf8b0832f567598e60986bc81.pdf" target="_blank" rel="noopener">👹</a></h2></td>
<td style="text-align: center; width: 100.8px;"><h2><a href="http://invesco-reit.co.jp/file/news-2f7322b260191843b2b34cf4a8288af54bdf9516.pdf" target="_blank" rel="noopener">🤖</a></h2></td>
</tr>
<tr>
<td style="width: 412px;">Notice concerning the Statement of Opinion (Reservation) on Tender Offer by Starwood Capital Group</td>
<td style="text-align: center; width: 104px;"><h2><a href="http://invesco-reit.co.jp/file/en-news-50106a4c6742e83a9d09be8b36a7ed1d3e29f2eb.pdf" target="_blank" rel="noopener">👹</a></h2></td>
<td style="text-align: center; width: 100.8px;"><h2><a href="http://invesco-reit.co.jp/file/news-71e691de7188cf83cece29a69c5eda33f40182ec.pdf" target="_blank" rel="noopener">🤖</a></h2></td>
</tr>
</tbody></table><p>It's an interesting response. It includes elements I had not expected but which are worthwhile. And the units are now trading 2.15% through Terms+Dividend.</p>

Today after the close, Invesco Office J Reit (3298 JP) announced that it was asking Starwood Capital Group for an extension of their Tender Offer (launched a week ago) to 60 days, made an announcement establishing a Special Committee with appointed committee members and related consultations, and posted a Notice Concerning Statement of Opinion (Opinion Reserved) regarding the Tender Offer by Starwood Capital Group.
The Announcements

Announcement
English
(日本語)


Notice Concerning Announcement of Establishment of Special Committee, Appointment of Committee Members, and Consultation with Special Committee
👹
🤖


Notice Concerning the Request for Extending the Period of Tender Offer by Starwood Capital Group
👹
🤖


Notice concerning the Statement of Opinion (Reservation) on Tender Offer by Starwood Capital Group
👹
🤖

It's an interesting response. It includes elements I had not expected but which are worthwhile. And the units are now trading 2.15% through Terms+Dividend.

Ichigo Office REIT Investment Corporation (8975 JP)

Ichigo Office REIT Investment Corporation

Invesco Office J-REIT Responds to Starwood's Hostile Offer