Who knows when Solomon dumps stock like this. The timing of the FINRA announcement also matters. And the press release from SIAF.
If the distribution is $62.3M or $1.30 which represents only 10% of net assets btw, then in theory we can't trade below $1.30. We should be trading at $3. I'm as curious as the next guy how this will develop.
FABU had a freak result because the share price collapsed after the record date (which it shouldn't have!)
CCGY had a freak occurence on the ex-date because the stock went UP even though there wasn't any value left. Market makers covering too late? or whatever.
I don't expect these things to happen for SIAF. But, this situation is so special (abnormal) because we are trading (far) below the distribution value. I do expect one or two big one-day gains before the ex-date.