Post by
mouserman on May 30, 2020 9:05am
NAV back up to 2.67
Gain was 2.3 % as the holdings pulled back a bit in late trading friday.
LAst trade at 2.33 gives a 34 cent discount to NAV, and works out to about 13%.
PME should be raising the distribution here soon as the NAV is back to levels where Sentry was paying out 2 cents per share at the end of 2018.
Comment by
coolslug1 on May 30, 2020 1:19pm
If I remember correctly, years ago it was said that the distribution rate was subject to review each July.
Comment by
mouserman on May 31, 2020 10:07am
Perhaps, not sure, but the last 2.5 cent distribution was in DEC 2018...in Jan 2109 it was cut back to 1.5 cents.