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Event Detail

July Special Situations (Members Only, Limited Space) (Ended)

Date, Time, and Location:
Monday, July 25, 2016 (add this event to your Outlook Calendar)
5:30 pm - 7:00 pm
190 S. LaSalle Street, Chicago, IL  60603   (Driving Directions)

Program Description:
Special situations are corporate actions which could reveal an undervalued security and hence an investment opportunity. Some examples of Special Situations are spinoffs, liquidations, tender offers, restructurings, bankruptcy exits etc. In the Special Situations Research Forum we will discuss an investment situation decided 3 weeks in advance. Every participant in the Forum is expected to research the topic before attending the meeting.

Topic:
Winthrop Realty Trust (FUR) is a REIT that is being liquidated. It has investments in in real-estate properties and loans related to real-estate. The CEO owns ~9% of the company. FUR doesn’t have natural buyers because it is being liquidated and may be delisted from exchanges soon. It is trading at a discount of ~40% of its Net Asset Value.

This meeting is a collaborative effort so please be sure to research the topic before the meeting and be prepared to contribute to the discussion.

Attendance will be limited to 15 members - first-come, first-served.

Facilitator:
Vishal Mishra; Mishra Capital Partners LLC
Nick Redmond; Oculus Asset Management

Fee:
Members - Free

Attire: Business Casual

Registration: Limited to 15 members
Online Only
A dial-in option will be available. Phone number and passcode will be distributed the day prior to discussion.

Agenda:
5:30 - 7:00 pm - Discussion

Content shared during CFA Society Chicago programs is not, and nothing in it should be construed as, an offer, invitation or recommendation of any specific financial services company or professional, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, any securities in any jurisdiction. By registering for and attending this event, you acknowledge that any photographs that may be taken are the property of CFA Society Chicago and give your consent to their use in CFA Society Chicago's online and print business communications and marketing.