Sentry Select Primary Metals Corp T.PME

Alternate Symbol(s): SPMLF

Sentry Select Primary Metals Corp. (the Fund) is a Canada-based financial investment company. The Fund invests in an actively managed portfolio consisting primarily of securities of mining and exploration issuers, with a current focus on gold issuers. The Fund’s investment objective is to provide shareholders with long-term capital appreciation, and monthly cash distributions. CI Investments Inc. is the manager of the Fund.

TSX:PME - Post by User

Sentry Select Primary Metals Corp > Big discount to NAV and Yield better than MMP.un

<< Previous

Bullboard Posts

Next >>

Post by mousermanon May 12, 2020 3:10pm

101 Views

Post# 31018595

Big discount to NAV and Yield better than MMP.un

The two sisters funds from Sentry (PME and MMP.un) trade up and down , both at a significant discount to NAV, and have almost identical holdings. Not sure why they needed 2 funds with the same stuff.
At any rate yesterday i sold off a lot of MMP.un as it trades at under 10% discount to NAV, whereas today PME now trading at about a 32 cents discount to NAV, Or about 12.8%. Ridiculous how undervalued this one is in this gold and precious metals bull market.
So happy when the selling started today, from CIBC and others. Wasnt expecting to see any deals back down to 2.15 area today. Thanx to the hapless dumpers.
Must need the cash to pay their tax bill or something... maybe a margin call?

<< Previous

Bullboard Posts

Next >>

Silvercorp to expand into Ecuador with C$200M Adventus acquisition