Arbitrage Funds 2019 Year-End Distribution Estimates
The Arbitrage Funds will be making year-end distribution payments for 2019 with a record date of 12/18/19, an ex-dividend date of 12/19/19, and a payable date of 12/20/19. As of 9/30/19, the estimated distribution amounts are as follows:
| Ordinary Income | Short-Term Capital Gain | Long-Term Capital Gain | Total | |
|---|---|---|---|---|
| Arbitrage | $0.0072 | $0.1637 | $0.0998 | $0.2706 |
| Water Island Diversified Event-Driven | $0.0504 | $0.0000 | $0.0000 | $0.0504 |
| Water Island Credit Opportunities | $0.0108 | $0.0000 | $0.0000 | $0.0108 |
| Water Island Long/Short | $0.0516 | $0.0143 | $0.1010 | $0.1669 |
The figures above are preliminary estimates. Given the nature of the funds' strategies, these estimates are highly likely to change, and may potentially change dramatically, before figures are finalized at year-end. Distribution estimates calculated as of 9/30/19. Estimates are calculated at the fund level — final distribution numbers may vary by share class.