Updated MANDA Holdings

Since my last update, two companies have completed their mergers: ANL on 2/18 and PSD on 2/6. Note that a prorated dividend of $0.04448/share was paid on PSD.

Needless to say that because of the uncertain market and credit climates, M&A activity has come to a virtual halt which is the reason for the paucity of portfolio holdings. At least the fund is operating in the black, but there’s still the wild card of Dow Chemical’s acquisition of Rohm-Haas. There’s been no news from Dow as to what they’re going to do but not closing the deal is costing them $90 million a month. Dow recently slashed its dividend and cut 5,000 employees as part of their cost-cutting efforts.

(Click on table to enlarge.)

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