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Altisource Distribution      9-Aug-09 08:23 pm    
In reading the Information Statement, it would appear that OCN shareholders are to receive 1 share of ASPSV for each 3 OCN shares and the record date was earlier this week. Since ASPSV closed at $16 on Friday, this provided value equal to $5.33 per OCN share which, when added to the OCN closing price of $13.41, provides a total per share value of $18.74. I did not see the ASPSV shares hit my brokerage account yet (I believe the shares are to be distributed Monday), but to the extent the ex date has come and gone, I am assuming the OCN shares trading Friday at $13.41 exclude the value of the ASPSV shares since people buying OCN on Friday will not be getting them.

This is a significant pop in the value of OCN, and I wanted to make sure I am interpreting this properly. Has anyone else looked at this situation?

Thanks.
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smartinvest...

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Altisource Distribution
smartinvest... Not rated 9-Aug-09 08:23 pm  
 
Is there a link? New here
thenextgoog... Rate it 10-Aug-09 08:07 am  
 
Your accessment of the distribution was accurate. ...
x7_heads Rate it 13-Aug-09 02:29 pm  
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Ocwen Financial Corp. (OCN)

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