Arbitrage Funds 2026 Year-End Distribution Estimates
The Arbitrage Funds’ mutual funds will be making year-end distribution payments for 2026 with a record date of 12/16/26, an ex-dividend date of 12/17/26, and a payable date of 12/18/26. As of 9/30/26, the estimated distribution amounts are as follows:
| Ordinary Income | Short-Term Capital Gain | Long-Term Capital Gain | Total | |
|---|---|---|---|---|
| Arbitrage | $0.0874 | $0.3383 | $0.0224 | $0.4481 |
| Water Island Event-Driven | $0.1084 | $0.0000 | $0.0000 | $0.1084 |
| Water Island Credit Opportunities | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
The figures above are preliminary estimates per share. Given the nature of the funds' strategies, these estimates are highly likely to change, and may potentially change significantly, before figures are finalized at year-end. These estimates are provided for informational purposes only and should not be relied on as investment or tax advice. Changes in market conditions, portfolio changes and changes in fund shares outstanding could materially affect these estimates. We strongly urge clients to consult with their tax advisors regarding the tax consequences of these distributions. Distribution estimates calculated as of 9/30/26. Estimates are calculated at the fund level — final distribution numbers may vary by share class.