RE:RE:RE:RE:RE:RE:Markets bouncing backsorry too sometimes let my frustrations boil over -- now we got the dual Canadian sorrys out of the way let's discuss the {rich payouts}. Most retail investors in splitshares are here for the payouts - so-called yield pigs. I care about the payouts only to the extent it influences other investors behavour. I believe you could just sell off 1% of your holding every month and call that a 12% annual distribution or 2% a month = 24% annually or 3....you get the idea. The only valuation metric is total return ie NAV. As for the ATMs or secondary offerings they are part of the process where the only thing that matters to Quadravest or Brompton etc is maximizing fee paying Assets Under Management (AUM). Paying rich payouts attracts investors but reduces AUM however if this results in a premium then ATM issuance can drive AUM much higher. If you can't generate premiums the managers business model comes under pressure and eventually fails. Primarily because of the competition from covered call etfs I think this where we are headed. Happy I got that off my chest! glta