Make-Wholes Make Trouble

Tunick, Britt Erica
July 2004
Investment Dealers' Digest;7/12/2004, Vol. 70 Issue 28, p10
Trade Publication
Discusses the expansion of make-whole provisions to protect more convertible bond investors in the United States. Popularity of the device because it guarantees against losses due to a cash takeover or an early call by issuers; Advantages and disadvantages offered by make-whole provisions; Description of a typical hedge fund strategy.


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