RE:NAV to August Month EndPIC.A NAV had a very nice increase of $0.62 this past week. That's a 12.75% increase in NAV. If you give the overnight offering price of $6.10 a similar 12.75% increase that would translate into a share price of $6.88. Clearly you could see the move starting today (Friday the 13th) in the share price.
Don't worry "wobbles" you should at least recover to your original purchase price soon, and if you hold until Oct 15 you'll be eligible for a $0.20319 dividend per share yielding you (an approximately) 12% yield on your investment.
Most of the "experts" that you will see here playing the split corp funds would sneer at a 12% yield - we usually target 18-25% - but 12% is still quite nice compared to the standard 3-6% that other dividend yielding stocks pay.
We bulls "wobbles" but we don't fall down !