So far, they're classifying it as a Supernova-transient. Interesting that they're calling it a transient. Interesting also that it was detected in a cluster.

[The mystery object did not behave like any known kind of supernova. It is not even in any detectable galaxy. "The shape of the light curve is inconsistent with microlensing," say the researchers. They recorded three spectra of it — and its spectrum, they write, "in addition to being inconsistent with all known supernova types, is not matched to any spectrum in the Sloan Digital Sky Survey database" of vast numbers of objects. "We suggest that the transient may be one of a new class."

What's its distance? That would certainly be a first step to figuring it out, but only the broadest constraints can be put on its distance. Its lack of parallax motion means that it can't be closer than about 130 light-years, and a lack of cosmic hydrogen absorption in its spectrum means that it can't be farther than 11 billion light-years (when "distance" is defined by light travel time). That leaves a lot of leeway.]