GREY:GIIZF - Post by User
Comment by
BlueT84on Mar 18, 2015 6:05pm
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Post# 23536040
RE:dividen announcement ?
RE:dividen announcement ?Sure thing, they announced they would be with holding this dividend. While during the swap, I always find the wording of their announcements slightly confusing. As there newest announcement contradicts their last statement.
The last one stated the reduction of interest rates, therefor reducing their dividend.
Their newest one states, they will withhold their dividend until they get their money back, if they do at all.
I personally believe they will reduce their div, while paying the new amount of .003 % per share in April. Which at that point should create another sell off, as the trading platforms will slowly correct their incorrect div payout amount %.
https://www.stockhouse.com/news/press-releases/2015/03/16/global-diversified-investment-grade-income-trust-ii-notification-by-deutsche