Parent Capital Corp V.PAR.H

RE:RE:RE:$1.28 Special dividend declared for holders as of May 16.

[gertrude73]

I estimated a unit price of 90 cents after the distribution of $1.28 per unit.  I may be wrong. This may be too optimistic.  After the 87 cent special dividend in October, it looks to me like the unit price dropped about the same amount.  If this pattern is repeated, after the $1.28 special dividend the unit  price would go down about that amount, i.e. to around 47 cents, given that the unit price is $1.75. 

However, given that as at March 31, 2019, the REIT’s net asset value was $2.18 per unit, the net asset value after the $1.28 special dividend is theoretically 90 cents per unit by my calculation.  So, if post dividend you can buy units at 47 cents and they are worth even 80 cents, that seems like there is a reasonable prospect of a good profit.  Of course, always do your due diligence.

What do others think?