RE:RE:Return of CapitalPandora wrote:
You were right -- news yesterday, next special distribution in February a return of capital.
Not sure what happened with the last one -- does the share price then take a dip?
Yes, once it goes ex-dividend, the stock will drop accordingly. As you probably know, they are winding up the fund, so all capital will eventually be returned to shareholders (less any costs or possible losses). I expect the process to be complete mid-2018, unless they're able to selloff the rest of the portfolio. The next number I'm looking for is the remaining net asset value. We'll get a Dec.31st number when Q4 earnings are released, and we can estimate the current NAV at that time. It was $7.00 at the end of Q3, and will have declined somewhat from paying out more each month than they're earning, as well as from the special distribution.