Ongoing Mini-Tenders on Non-traded Securities
Registered tender offers (Tender offers for which the bidder filed SC TO-T)
Unregistered tender offers (Tender offers for which the bidder did not file form SC TO-T)
Historical Data
Mini-tenders on non-traded securities typically involve steep discounts to NAV. Generally only a small portion of shareholders accept the offer.
This table shows results for mini-tenders from major bidders since 2016.
| MEDIAN of Price/NAV | MEDIAN of Shares Tendered/Shares Sought | |
| CMG Partners | 55.09% | 1.35% |
| Everest REIT Investors | 69.21% | 9.19% |
| IG Holdings | 48.57% | 0.00% |
| Mackenzie and Affiliates | 59.63% | 3.73% |
| Grand Total | 63.85% | 5.44% |
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