Founder at Stock Spin-off Investing, Stock Spin-Off Investing

Richard Howe

After graduating from Trinity College in Connecticut, I joined Eaton Vance full-time as an equity research associate. While at Eaton Vance, I completed the Chartered Financial Analyst program and earned the CFA designation. In 2013, I left Eaton Vance to join Citi Private Bank to work in the private equity research group.

Founder at Stock Spin-off Investing

Stock Spin-Off Investing

Generate attractive returns by taking advantage of inefficiencies in the stock spin-off market.

Stock Spin-offs

Event-Driven

<ul><li>In December 2025, Unilever (UL) will spin-off the Magnum Ice Cream Company (MICC).</li><li>Regular way trading is expected to begin on December 8, 2025. Shareholders and ADS holders will receive one Magnum Share for every five Unilever Shares or Unilever ADSs.</li><li>The spin-off was announced in March 2024 as a way for Unilever to separate its lower margin, higher capital intensity business, leaving behind a higher quality business.</li></ul>

In December 2025, Unilever (UL) will spin-off the Magnum Ice Cream Company (MICC).Regular way trading is expected to begin on December 8, 2025. Shareholders and ADS holders will receive one Magnum Share for every five Unilever Shares or Unilever ADSs.The spin-off was announced in March 2024 as a way for Unilever to separate its lower margin, higher capital intensity business, leaving behind a higher quality business.

Unilever

Unilever Spin-off (Magnum) Deep Dive