Tag Archives: 99 shares

Odd-Lot Tenders for Fun and Profit: 3 Live Opportunities in September 2026

By | September 10, 2026
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Odd-lot tender offer illustration comparing three live September 2026 opportunities—Arbutus Biopharma, Air Canada, and MiniLuxe—with 99-share positions, tender ranges, and odd-lot priority.

We recently wrote about odd-lot tenders for fun and profit: those peculiar corporate actions where owning 99 shares can sometimes put you ahead of investors who own 100, 1,000 or a million. The obvious next question is whether there are any actual opportunities to try it on. As of September 10, 2026, there are three live publicly traded… Read More »

Odd-Lot Tenders for Fun and Profit: Why 99 Shares Can Beat 100

By | September 10, 2026
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Odd-lot tender offer illustration showing 99 shares accepted in full while 100 shares are prorated, highlighting why small investors can sometimes benefit from odd-lot priority.

There are not many situations in investing where owning 99 shares is demonstrably smarter than owning 100. Odd-lot tender offers are one of them. Every so often, a company decides to repurchase a large block of its own stock through a tender offer. If too many shareholders want to sell, everybody is normally prorated. But some offers contain… Read More »