AEDFX - Water Island Diversified EventDriven Fund Class R Stock Price & Dividend Safety Sector: Financial Services | Exchange: NASDAQ Current Price & Safety Score Price: 13.29 USD StockBonds Safety Grade: Altman Z-Score (Bankruptcy Risk): 0.00 StockBond Score: 0.00 Company Description This fund invests in a variety of financial instruments including stocks bonds and other debtlike assets such as highyield debt often referred to as junk bonds Its core strategy involves targeting companies whose market prices are expected to be affected by specific corporate actions as identified by the funds investment adviser The funds approach aims to profit from the price movements generated by these eventdriven opportunities which encompass occurrences like corporate takeovers consolidations asset divestitures financial restructuring debt refinancing capital adjustments business reorganizations and other unique situations It operates with a concentrated portfolio rather than a broadly diversified one