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Posted

Classic equity swap.

What Mr. Raynor would like you to think: nothing to see here kiddies, please move along.

More probable reality:

A. Tax maneuver, and/or.

B. Hedging, and/or.

C. Restructuring of holdings pending a major acquisition and/or disposal of units (see also a).

Terp, who is not offering investment advice and is not a registered dealer in this or any other security.

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Posted

Or it could be a hat or a brooch or a pterodactyl?

(changed it because Terpy's way of spelling brooch sounds better than mine. I am not admitting that I am wrong, just conforming to a better spelling because of definition.)

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