Municipal tender offers have rapidly increased in volume since 2020, and 2023 is anticipated to be the highest volume year for voluntary municipal tender offers. As reported by the Bond Buyer, 2021 and 2022 each saw about $4 billion in municipal tender offers.

Virtus Total Return Fund conducted a voluntary tender offer, showing management alignment with shareholders. The tender offer was for up to 10% of shares at 98% of NAV, with the potential for two more offers depending on the discount. Investors who ...

This is a sponsored guest post by Ballard Spahr. Technical.ly is a free news resource thanks to financial supporters like Ballard Spahr, a Technical.ly Brand Builder client. Liquidity is typically music to any shareholder’s ears, and tender offers are ...

Though more commonly associated with publicly listed companies, tender offer rules and regulations apply to private company transactions as well. Tender offers provide a mechanism for a prospective investor, or the company itself, to acquire shares or ...