What does Water Island Diversified Event-Driven Fund Class R do?

Water Island Diversified Event-Driven Fund Class R (AEDFX) operates in the Asset Management industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.

What is AEDFX's market cap?

Water Island Diversified Event-Driven Fund Class R (AEDFX) has a market capitalization of approximately $51.2 million, as of July 23, 2026, based on the most recent share price and shares outstanding.

Does AEDFX pay a dividend?

Yes — Water Island Diversified Event-Driven Fund Class R (AEDFX) pays a dividend irregular, with a trailing-twelve-month yield of 1.23%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.

AEDFX

Water Island Diversified Event-Driven Fund Class R

NASDAQ·Asset Management · Financial Services

$13.13$0.01+0.08%

Market cap$51.19M·Market closed·Jul 23 8:00 PM UTC

Price Chart

$13.13+$0.01 (+0.08%)today

+18.29%CAGR +3.42%

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FromTo

Oct 1, 2010Jul 24, 2021 → Jul 24, 2026· 5.0 yrsJul 24, 2026

Key Metrics

DividendDividend Tab

Dividend Yield (FWD)2.62%

Annual Dividend (FWD)$0.34

Dividend Growth (5Y)—

Dividend Safety—

Payout Ratio—

FCF Payout Ratio—

Most Recent Dividend$0.086

Ex-Dividend DateDec 18

Payment DateDec 19

EarningsEarnings Tab

EPS (FWD)—

P/E Ratio (FWD)—

EPS Growth (1Y)—

EPS Growth (3Y)—

EPS Growth (5Y)—

Next Earnings Date—

Last Report Date—

Reported vs Estimate—

Earnings Surprise—

Income Statement Flow

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About Water Island Diversified Event-Driven Fund Class R

This fund invests in a variety of financial instruments, including stocks, bonds, and other debt-like assets, such as high-yield 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 fund's investment adviser. The fund's approach aims to profit from the price movements generated by these "event-driven opportunities," which encompass occurrences like corporate takeovers, consolidations, asset divestitures, financial restructuring, debt refinancing, capital…

Sector: Financial Services
Industry: Asset Management
Exchange: NASDAQ
Website: arbitragefunds.com/water-island-event-driven

Peers

Peers Tab

PRCGX

Perritt Micro Cap Opportunities Fund.

Cap

$62.3M

CAMMX

Cambiar SMID Investor

Cap

$39.0M

TFESX

Templeton Instl Intl Eq Ser Service

Cap

$50.3M

Latest News

News Tab

No recent news available.

Frequently Asked Questions About AEDFX

What does Water Island Diversified Event-Driven Fund Class R do?: Water Island Diversified Event-Driven Fund Class R (AEDFX) operates in the Asset Management industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.
What is AEDFX's market cap?: Water Island Diversified Event-Driven Fund Class R (AEDFX) has a market capitalization of approximately $51.2 million, as of July 23, 2026, based on the most recent share price and shares outstanding.
Does AEDFX pay a dividend?: Yes — Water Island Diversified Event-Driven Fund Class R (AEDFX) pays a dividend irregular, with a trailing-twelve-month yield of 1.23%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.