Gary Lucido

Spanish Arbitrage Opportunity

I don't think the distributions have anything to do with it. Distributions just give back your money to you and you get taxed on it. I think it's just because people are not aware of the ETF alternative. The premium eventually goes away.

Spanish Arbitrage Opportunity

In case you are interested, I recently unwound this arbitrage and made a nice little profit. The details are here:
www.investingminds.com...

Spanish Arbitrage Opportunity

I use Fidelity. There are three possible scenarios:
1) Shares show up as available
2) Shares are available but Fidelity has to release them first
3) Fidelity has to borrow them for you and will charge you interest.