About AltShares Merger Arbitrage ETF (ARB)

The AltShares Merger Arbitrage ETF (ARB) is an exchange-traded fund that seeks to provide investors with exposure to a diversified portfolio of merger arbitrage strategies. The fund aims to achieve its investment objective by investing primarily in equity securities of both U.S. and non-U.S. companies that are involved in publicly announced mergers, takeovers, tender offers, and leveraged buyouts. By investing in these securities, the fund seeks to capture the potential price appreciation that may occur as a result of the completion of these corporate transactions.

Merger arbitrage is a strategy that seeks to profit from the price differentials between a target company's stock price and the offer price made by the acquiring company. When a merger is announced, the stock price of the target company often trades below the offer price due to the uncertainty surrounding the completion of the transaction. The fund's investment team analyzes the terms of the proposed mergers, including the deal price, regulatory approvals required, and potential risks, to assess the likelihood of the transaction being completed and the potential return on investment. By investing in a diversified portfolio of merger arbitrage opportunities, the fund aims to reduce the impact of individual deal failures on its overall performance.