RE:RE:RE:Slowly bleeding...
Bobmartin166 wrote: How is this going to affect my position, I average @ 8.75$ per shares
The Preferred shares will begin receiving an increased rate of 10% annually based on the Company's NAV to a maximum of $0.08333 per Preferred Share per month.
Here are the yields with the maximum new dividend at the current price, your average and the issue price:
| Dividend | Annualized | Prfd Price | Yield | |
| $0.0833 | $1.00 | $7.90 | 12.66% | |
| $0.0833 | $1.00 | $8.75 | 11.43% | |
| $0.0833 | $1.00 | $10.00 | 10.00% | |
If the NAV were as last reported, here is how the next payment would look:
| NAV | Dividend | Annualized | Pref Price | Yield |
| $8.81 | $0.0734 | $0.88 | $7.90 | 11.15% |
I expect the price will go up once the market sell off abates. This is the best deal in Preferred split shares.
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For a comparison of Split Share Funds, see this blog: