CSE:MHY.UN - Post by User
Comment by
Pandoraon Jun 17, 2014 4:27pm
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Post# 22668372
RE:$0.35
RE:$0.35As announced in the news the fund was closed out as far as it's liquid portion is concerned and each shareholder received a distribution of $7.54 cents or there abouts. The fund still has 2 illiquid assets and that's what the 35 cents represents. These 2 assets are bonds. One from Cline Mining supposedly valued around 78 cents and one from Mobilicity supposedly valued around 18 cents for a total of 96 cents but the market is giving them a total of 35 cents right now. If you are a shareholder you can sell these remaining units for 35 cents and together with your $7.54 you get a value of $7.89.
You also have the option of remaining with the newly valued shares and seeing if they can increase in value. Cline is a coal mining asset and Mobilicity is a cell phone company.