likely confirmation of Middlefield holding cash Middlefield's reported the NAV at the close of yesterday was $0.01 less than my Expected NAV.
The $0.01 difference falls within a rounding error
However, based upon my belief that Middlefield hasn't reinvested the proceeds of the recent dividend, I was anticipating my Expected NAV would be higher than Middlefield's reported NAV on an UP day for ENB.
No proof of theory yet, but having witnessed my Expected NAV being lower than the reported NAV for a few days following the ENB divi payment when ENB was down, and now seeing my Expected NAV being too high on a day when ENB was up, my gut tells me that Middlefield is holding back on investing the proceeds of the recent divi back into ENB until ENB announces a Raise.