RE:How many more overnight offering this year? Overall comment about splits...navs have been struggling for years but we are at a turning point. Interest rates are finished falling and when they rise all the splits will go up. The ones that get over 25 will start paying specials, FTN and sbc are almost there. So not a ponzi.
Moneyman70 wrote:
So there's been TWO overnight offerings already htis year in the first four months. I'm guessing Quadravest will have two more this year as long as the markets stay up. A few years ago there were three overnights in one year and they need to keep the coffers topped up with cash to pay off the existing shareholders. Share price and NAV will continue to erode over time because they can't keep this ponzi machine running forever.