Every issue of 99 Shares, in full. Each one lists the special situations that were open that week, what they paid, and the broker cutoff that actually binds.
Prices in each issue carry the date they were taken. They are not updated afterwards — an archive issue is a record of that week, not current information.
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Live tender offers and odd-lot situations a retail account can reach, with the broker cutoff that actually binds and the costs. Sent every Sunday.
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- 11 October 2026Due bills: when the record date does not decide who is paid
Apollo Commercial pays $4.10 on a $6.24 share. Sell after the record date and the buyer still gets it.
- 4 October 2026Withheld first, argued later: the 24% in a US buyback
A $75.00 tender pays a foreign holder $57.00 first. Whether the other $18.00 is tax is a separate question.
- 27 September 2026The 7% discount now has a ceiling: Medtronic’s upper limit switched on
An exchange offer’s stated discount is a maximum, not a promise. Here is the arithmetic.
- 20 September 2026The deadline in the offer is never the one that binds
IBKR closes Arbutus four hours early, and Lindsell Train’s tender shut to buyers before its circular came out. Both dates, worked through.
- 14 September 2026The one sentence that kills a Canadian odd-lot trade
Air Canada’s odd-lot trade looked like 3.4%. Section 11 made it minus 5%. We took the small loss instead.
Subscribe to the newsletter
Live tender offers and odd-lot situations a retail account can reach, with the broker cutoff that actually binds and the costs. Sent every Sunday.
Unsubscribe in one click. Privacy