Catalyst Capital

@billinga1 @Catahoula_Value @colarion How are you guys thinking about timeline for an uplisting/IPO?

@Catahoula_Value @Colarion and faithful readers of 5 Points. ✅

$WCCB It took a very sharp eye to catch one single phrase in the bank’s 20 page fourth quarter 2025 earnings release on January 27th: “higher professional fees incurred in preparation of becoming an SEC registrant”.

Anyone know of brokers that offer lending against OTC listed securities for US based retail/HNW clients?

@MrJulius007 ditto brother

$APO $KKR $BX I just bought world class alternative inv managers at 15x fwd earnings. I’m gonna make money

Anyone care to make the steel man case for owning $WMT $CAT $GE $IBM at these valuations? Totally confused here

@MrJulius007 Never seen such dispersion in 10 years of trading

@MrJulius007 Insane dispersion, how the fuck is spy barely off the highs ?

$APO $ARES $KKR $BX Substackers / financial media / distressed investors / gundlach Substacker incentive: let me use buzzwords that retail doesn’t understand, make comparisons to 2008, talk about the “evil private equity guys stealing your money”… print monthly subscription revenue praying on the emotion of retail. Please , tell me more about how worried you are about the retiree who has a 5% exposure to a senior debt instrument. Even assuming the 15% UBS default scenario plays, and zero recover rate, the investor is down half as much as $TLT was in 2022. You care about your Substack revenue generations , clown. Financial media: not as malicious as Substacker but hey if the ppl are talking about it, let’s fire up too! Distressed guy incentive: ohh yes the people are scared, I know these assets are worth .85-.90 , let’s see if I can hit a generational lick on a tender at a 30% discount. These retail clowns won’t know what hit em Gundlach: shit man my AUM has been bleeding, fuck these guys. Honestly respect this one, gotta get yours. Not really gundlachs fault that he is a fixed income manager through a ZIRP cycle. But at the same time, realize his incentive set

@HiddenGemsInves @kingdomcapadv @MaaizKhan @Mr_Neutral_Man @thepupil11 @CalgaryLeveen @Mc_Partnerships ok so half of market rent guaranteed + upside share? not terrible 6M of NOI at 6% cap = 100M of value to tin building

@leveredvalue @kingdomcapadv @MaaizKhan @Mr_Neutral_Man @thepupil11 @CalgaryLeveen @Mc_Partnerships They say it should improve EBITDA by $22mm, which given the Tin had $-17.8mm in 2025 implies a lease of about $4mm. There will be a % profit share above a threshold too. I'm very impressed they were able to get these economics given they had no negotiating leverage.

$SEG balloon museum PF $22M

@kingdomcapadv @MaaizKhan @Mr_Neutral_Man @HiddenGemsInves @thepupil11 @CalgaryLeveen @Mc_Partnerships What do we think the new baloon meuseum lease is? I was thinking 54k sqft *$150/sqft = $8.1M a year plus reimbursements but y'all follow this closer than I do

@MaaizKhan Redefining balloon payment

@shortbus_ace what’s the thesis? white collar employment looks weak and s/d still out of whack

the most patriotic thing you could do tomorrow is buy Office REITs, just saying

@AnotherBio Any thoughts on SpinCo implied pricing today? @CapitalValor

Quick note, I sold $RNA today at 72 (probably a touch too early) and $EVOK will close soon, so that concludes all 3 of these. Strong IRR of >20, not bad for some boring ass arbs

@thepupil11 @mirrerlamdan @gbylenok could be interesting now?

@mirrerlamdan @gbylenok Better than before? (Seems about right)

$ELME stub seems fairly rich for highly levered forced seller marginal DC/MD multifamily +Watergate Office, maybe i did muh math wrong?

@sanchayjaveria Guessing related to BOS-342? The other two drugs got axed (Pfizer/Seagen and Servier)

@sanchayjaveria Do you know what this was in connection with?

@chrisvirnig @Mr_Neutral_Man would to hear it Chris (dm or otherwise)!

@Mr_Neutral_Man Can I send you a weird, off the run situation developing today? Possible single industrial asset liquidation with creditworthy tenant. Long term lease. Mismatched shareholder base for the situation, but possible activist involvement

$2mm and can’t touch property? Ppl still don’t know you can own: 1) Bloomberg tower in NYC for $224 - 8.1% yield 2) Camden apartments for $110 - 3.9% yield 3) Self Storage for $35.50 - 5.9% yield 4) Fifth Ave retail and Penn Station office - $18 - 7.5% yield

@ItsProbablyLuck @valu_investor99 @InsideArbitrage @FrancoOlivera @BerkelKip thanks guys! 9% is consistent with what i expected given the data, a bit annoyed at how slow IBKR has been at processing corporate actions of late, really poor service @IBKR

@valu_investor99 @leveredvalue @InsideArbitrage @FrancoOlivera @BerkelKip Same for me. Oversubscribed and got about 9% more than standard subscription

552k shares of $GLIBK go to rights holders who oversubscribed if my math is right. No common proration factor. You just have to wait and see what gets deposited in your account. Each extra share is ~$10 windfall given the current price...

@irbezek @BrownMarubozu No I didn’t you confuse me with someone else

@BrownMarubozu @irbezek Careful he may call you a racial slur if you disagree with the data!

@irbezek @leveredvalue They don’t consolidate the holdings.

@SandBrandyn @irbezek Reflects your theory of mind more than anything else, I am sure this is edgy at the middle school you attend and totally relevant to your investment results lol

@leveredvalue @irbezek LMAO the overly sensitive guy who started the insults blocked me for the mildest (truthful) insult imaginable. I could have gone with "stalk and harass every white woman you encounter" if I wanted to be spicy.