ANM 0.00% 5.5¢ advanced magnesium limited

anmca -arbitrage opportunity here

  1. 870 Posts.
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    buy anmca receive the dividends of 3.2c every 6 months for the next two years; pay the extra 30 cents required to own the full note;
    Sell ANM short and bingo!

    ANMCA 14c (+30c due in Jan 2003)
    ANM 45c
    ANM no current dividend
    ANMCA 6.4 cent interest payment over two years.
    ANMCA converts to ANM

    Correct me if I'm wrong.
 
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