Looking into the proposed legislation of the End Hedge Fund Control of American Homes Act, it appears that this will primarily target hedge funds who own single family homes. If this is the case a company like TCN should be affected, as a corporation. However, it is unclear at this time as to the possible extent of any legislation. Additionally, there is skepticisim if the legislation will even pass through congress, and these process are typically long and drawnout. We do not see this as a material threat to TCN, but it is worth monitoring the exact organization types that would be included under the proposed legislation. The stock has been down every day this week and sentiment may be weak until this situation has more clarity. We would not, at this time, make any moves based on this news. As noted, it could possibly end up being positive for the company depending on how things play out.
5i Research Answer: