RE:RE:RE:RE:RE:RE:RE:RE:SHare Price Drop Explanations?The Return on Capital distribution is for TZZ. I just discovered it in my statement; a very pleasant surprise. Here's a link to the press release:
https://www.newswire.ca/news-releases/trez-capital-mortgage-investment-corporation-announces-second-quarter-2017-results-640396723.html
Here's the relevant section:
"Subsequent to Q2, on July 20, 2017 the Board of Directors declared a special distribution of $2.46 per Class A share of the Company (the "Special Distribution"), the total amount of the declared special distribution is approximately $30.0 million. The Special Distribution, which constitutes a return of capital pursuant to the winding-up of the Company's business as approved by Shareholders on June 16, 2016, will be paid on August 28, 2017 to holders of Class A shares of record at the close of business on August 15, 2017. The Special Distribution is in addition to the Company's monthly distributions..."