RE:RE:RE:Here We Go Again!!Intellectual wrote: The prospectus seems to imply that distributions get paid to capital shareholders regardless of NAV. Is this correct? If the NAV of pic.a declines to zero, do shareholders still get paid the quarterly dividend until termination in 2024? Any insights would be appreciated.
Many thanks in advance.
Yes, you are reading that correctly. There was a quarter or two back during the banking crisis (2007-2009) where dividends were cut by 1/3 (just one or two quarters though) from what was at the time a regular quarterly dividend of $0.15.
You can check NAV history back to inception here ...
https://www.strathbridge.com/navs.aspx?fund_id=7 and Distribution history back to inception here ...
https://www.strathbridge.com/distributions.aspx?fund_id=7 There was a consolidation of shares in late 2010, but the yield on distributions was maintained. That's when quarterly distributions went from $0.15 to $0.20319.