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If There Is Anyone Out There Who Owns NPT- Please Sell It!

|Includes: Nuveen Municipal Credit Income Fund (NZF)

I have written before about the coming NPT,NXZ,NMA into NZF merger. This merger closes April 11th, meaning that Friday April 8th is the last day NPT, NMA and NXZ will trade. Shareholders will be given shares of NZF instead.

There is a short squeeze of epic proportions going on right now in NPT. You can't borrow the stock anymore to sell it , because it will have to be covered in order to tender the shares into the merger exchange. But....if you are lucky enough to still own NPT, do not exchange it in the merger- sell it now. It is trading at 14.03 right now.

What will you get if you hold until the exchange? You will get (NAV of NPT/NAVof NZF) x Price of NZF... or (14.70/16.29) x 14.92 = 13.46. You will be given 13.46 worth of NZF for each share of NPT you have.

Sell now at 14.03 or hold and get 13.46!!!

Disclosure: I am/we are long NMA.