Description

The fund dedicates a minimum of 80% of its net assets to equity holdings. These investments target companies, both domestic and international, that are involved in publicly announced corporate events such as mergers, acquisitions, tender offers, leveraged buyouts, spin-offs, liquidations, and other forms of reorganization. These equity securities specifically include common and preferred shares. This strategy, known as merger arbitrage, is a highly specialized investment discipline designed to capitalize on the successful completion of these various corporate reorganizations.