Adious BEPI just sold the rest of our BEP.UN on Friday. We rarely trim but it just got too over-priced and the yield had gone down too much. Same story for NPI but because of large cap gains, we only trimmed 30% of it.
We just spread all that dough around to a number of our exisitng holdings including midstreamers. i really think the our renewables are over-priced and the midstreamers are solid buys.
As an aside, I noticed BEP did the exact same thing with the record date of the 3 for 2 split as they did with the BEPC spinout (see quote from Nov 4 press release). What f8cking twits as the record date is actually Dec11th but the news release sure appears to be quite clear.
Leo - time for another e-mail to our gal Cara?? :-)
On December 11, 2020, the additional units/shares required to give effect to the unit/share splits will be issued to holders of record at the close of business on December 7, 2020.
Ciao
Sarge