PME NAV up to near 3.50 today MMP.un the better buyOf these 2 sister funds, MMP.un is now the better buy. It has been rare that MMP.un has had a bigger discount to NAV than PME.... but as of today, there is a quite a large difference between the 2.
With the last trade at 3.19 i have PME trading at about a .31 discount to NAV ( approx 3.50)
That puts the discount to NAV at about 8.8%
MMP.un on the other hand carries a NAV today of approx 2.70 and last trade at 2.35 equals a discount to NAV of over 12.9%... since both carry almost an identical portfolio, MMP.un the better buy at these levels.