More like the special situation is dead for now. UAN is doing fine financially. The parent has not indicated a willingness to sell UAN and does not have the money to buy UAN. So it will live in purgatory collecting dividends until either the parent has no choice but to put the asset on the market or increase dividends to pay their bills.
disaster quarter?
https://seekingalpha.com/pr/19894360-cvr-energy-reports-third-quarter-2024-results#hasComeFromMpArticle=false
More like the special situation is dead for now. UAN is doing fine financially. The parent has not indicated a willingness to sell UAN and does not have the money to buy UAN. So it will live in purgatory collecting dividends until either the parent has no choice but to put the asset on the market or increase dividends to pay their bills.