RE:Dividend a bit lower with new co.It's based on paying out an estimated 95% of distributable income (TMC pretty much paid out 100%), so there's potential (modest) opportunity for capital appreciation and more importantly, its sustainable.
For previous MTG holders its a material increase from .05 cents.
An 8.25% sustainable yield is decent and this should trade closer to BV once a couple of quarters of financials provide a track record. 12 month total return of 10% plus is reasonable.
Good luck