I cannot imagine a scenario where there would not be a date of record for the distribution. There would be too much litigation without it, from parties who believe they were entitled to it.
There is still 47 days remaining in Q4, and I wouldn't rule it out. Although with Syncora, everything seems to take 3x longer than it really should. I'm not sure why.
American Road took 70 days to close, from the date the sale was announced. The Assured transaction took 115 days from announcement to close.
The SGI sale transaction was originally announced on 8/15/19, 91 days ago. Renegotiated deal announced 9/5/19, or 70 days ago. If you peg the close at 115 days like the Assured transaction, we have between 24-45 days to go. That would indicate a December closing timeline, but it could be very close to the end of the year.
My expectations would be that a distribution would follow the transaction, by two weeks to 45 days, depending. So that looks like a Q1 event almost certainly.
Of course, all this is just my opinion, I hope to be pleasantly surprised with a quicker closing and distribution. Also, would love an announcement for plans pertaining to the stub business.
