Post by
mouserman on Sep 11, 2020 10:28am
PME continues to get lower valuation than MMP.un
Desptie paying a higher yield, PME trades at a bigger discount to NAV than MMP.un for the most part. MMP.un on most days has bigger volume, but in $ amount traded the 2 funds are very close over the course of the year. As of today PME NAV is right at 3.65 with the last trade at 3.30.... over a 10% discount to NAV... MMP.un with the same list of stocks, altho less in cash and less in the top holding ARTG.... trades at less than 7.5% discount to NAV... last sale at 2.61 and NAV at 2.82
Comment by
mouserman on Sep 17, 2020 3:57pm
Well its been awhile but appears PME finally getting its valuation on par with MMP.un.. Yesterday both were at about a 10% discount to NAV, however in the past 3 trading sessions PME has risen .19 , while MMP.un has only seen a gain of a 2 pennies as we near the close today.