Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSX:PME - Post Discussion

Sentry Select Primary Metals Corp > CI INV pegs PME NAV @ 2.88

View:

Post by mouserman on Jun 23, 2020 10:02am

CI INV pegs PME NAV @ 2.88

SO with the last trade yesterday at 2.45 on the TSX, PME trading at a ridiculous low price, a DISCOUNT to the true NAV of 43 cents.
almost exactly a 15% discount to NAV. The market obviously not in love with this precious metals fund, or it would be trading much closer to NAV.
Yield now has dropped to below 7.3%, and I believe by the fall PME and MMP.un will be hiking the distributions to reflect closer to a 10% yield.