I just saw this at Interactive Brokers:
LUB.ESC@VALUE (Name: ESC LUBYS INC DELAWARE <) is the subject of an announced merger, effective 20250121.
Yet when I search around for details, I can only find info about a dividend of $0.44 to be paid on the 21st (LUB Liquidating Trust Declaration of Distribution of $0.44 Per Unit). The linked press release, dated the 13th, says they are still actively seeking buyers for its remaining assets.
This feels a bit like an auto-feed populating based on some naming convention that doesn’t hold in this circumstance.
Jim
Right you are, Jim. It came through on the statement as:
LUB.ESC(549ESC028) Cash Dividend USD 0.44 per Share (InterimLiquidation)
A dividend and (interim) liquidation!
Stay warm, friends!
Luby’s is no Bagger Dave’s; that’s for sure.
Wow, Bagger Dave’s was a real classic. You could even do it in multiple accounts and still get the buyout, as I did.
Yeah, I had all my accounts involved, also family accounts, etc. A small thing but a sure thing!
Same! Fun times…thanks for bringing that one to our attention.
True, but it hasn’t been a bad play - though it has been drawn out. Here’s my purchase price and dividends to date:
| Date | Action | Amount |
|---|---|---|
| 10/13/2020 | Bought shares | $(2.64) |
| 11/1/2021 | Dividend | $2.00 |
| 3/28/2022 | Dividend | $0.50 |
| 5/24/2022 | Dividend | $0.20 |
| 8/14/2023 | Dividend | $1.00 |
| 9/23/2024 | Dividend | $0.10 |
| 1/21/2025 | Dividend | $0.44 |
| Total | $1.60 |