Directionally, a redemption in kind is a move away from confiscation.
Discussion
Excellent response. But why would Blackrock want the change? What’s their angle?
I was surprised to hear that too. I heard it on a recent pod and I’m trying to find the reference, but don’t have it at my fingertips. Either TIP or TFTC I believe…
If I can find the reference I’ll send it over.