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EXDATE

SPECIAL SITUATIONS

SPCLElevated

Announced special distributions and spin-offs before terms fix.

Net asset value
$7.28
−1.46% 30d
Indicative yield
—
terms pending
TVL
$285K
Units outstanding
39.2K
Components
3
Next distribution
41d
Oct 11
Rebalance
45d
Oct 15
Net asset value
$7.28
$7.28
Aug 1Aug 31

Composition

Sectors2
  • Consumer Staples67.6%
  • Financials32.4%
  • Total100.0%

Event-right positions

dCOST-SPECIAL
Costco Wholesale
32.2K$4.274648.3%Oct 11
dHOOD-EVENT
Robinhood Markets
160.5K$0.575632.4%Oct 24
dWMT-SPIN26
Walmart
110.1K$0.498819.3%Nov 06
Total100.0%

Expected cash flow

$285K total
Nov
Dec

Expected distributions by payment month, derived from each component's declared payout and the units held. Components with undeclared terms are valued at the current market price of the right.

Distribution calendar

  1. Oct 11
    41d
    Costco Wholesale
    Terms pending · 32.2K units
    —
  2. Oct 24
    54d
    Robinhood Markets
    Terms pending · 160.5K units
    —
  3. Nov 06
    67d
    Walmart
    Terms pending · 110.1K units
    —

Historical distributions

  1. dKO-2026Q3
    Delivered Jul 01, 2026
    $0.51 / unit
    Completed
  2. dAAPL-2026Q3
    Delivered Jun 25, 2026
    $0.26 / unit
    Completed

Methodology

Holds rights to corporate actions where the payout has been announced but not yet fixed. Because terms are unconfirmed, positions are priced on an expected-value basis and settlement confidence is materially below that of a declared dividend. The basket may settle for less than the indicative value, or for nothing.

Rebalance
Oct 15, 2026
Risk level
Elevated
Weighting
Declared payout yield

Risk disclosures

  • Component settlement risk

    The basket holds claims on corporate actions that issuers may amend or cancel. A change to any component's declared terms changes what the basket delivers.

  • Concentration

    This basket holds 3 components across 2 sectors. Its largest position is 48.3% of net asset value.

  • Rebalance timing

    Composition changes on Oct 15, 2026. Rights held through a rebalance may be sold into the market at prevailing prices.

  • Net asset value

    Net asset value reflects the marked value of the underlying rights. It is not a guarantee of the amount that will ultimately be distributed.