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What do I do with warrants?
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Author seeks advice on handling illiquid warrants received from OPI's bankruptcy conversion expiring in 2027.
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I owned some Office Properties Income Trust corporate bonds before they went through bankruptcy. The bonds were finally converted into 16 shares of post bankruptcy stock and 14 warrants. My Schwab account shows them in the equities section with an expiration of 6/18/27 and symbol 67623C117, but no information other than that. It doesn’t appear that I have the option of selling them or doing anything. Do I just have to wait until June 2027, and what will happen then?
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