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  • Special Situation Legal Play on GGP Fixed Income

    Published: August 21, 2012

    GGPGGPSPGMACCBL

    This claim of $89.3M (based on Judge Gropper’s ruling) grows at ~$12,850 daily (5.2% current yield), providing a cushion if settlement and recovery takes longer than estimated. While the absolute return on this investment is not heroic, this investment is uncorrelated with the market and presents...

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