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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: Don01022 who wrote (717)	12/31/2021 6:32:03 AM
From: mykesc2020	Respond to of 21843

I dont own the fund so I dont know exactly-- but it looks like some sort of a "rights offering"? See this article if you can. It speaks to it I believe. seekingalpha.com Chowder may have better input.

To: Don01022 who wrote (717)	12/31/2021 9:05:14 AM
From: chowder	Respond to of 21843

Re: SPE ... It's a "rights offering." You can read up on what a rights offering is here: investopedia.com You can buy or sell your rights if you wish but if you wish not to act the rights will disappear from your account after the settlement date. I chose not to do anything at this time. Often times when a "rights offering" is announced, depending on what the offer is, it can cause dilution to the fund. When BST came out with an offering, I had a triple digit gain in the fund so I sold it all to lock in those profits. Once the offering was settled, I was able to buy BST back at lower prices. It doesn't appear that SPE's offering will be as dilutive as BST was so I'm simply ignoring it. We'll see if that was the correct move or not.