RE:RE:RE:RE:RE:Brompton updates UNIT NAV for LCS @ $15.01 to dec 29As soon as SLF, as an example, goes ex dividend the dividend becomes an account receivable for LCS and is included in its NAV btw the trade price should be reduced by the dividend amount at the same time. When the divdend payment is actually made the account receivable goes to zero and cash is increased by the amount of the dividend with no impact on NAV. Ask the manager when the impact of the dividend occurs -- the ony logical timing is the ex dividend date.
mouserman wrote: cash position is part of the nav
navgod wrote: I believe the important date for the dividends is the ex dividend date which was Nov 22 for SLF and Dec 1 for GWO. Payment date effects cash position but not NAV.
mouserman wrote: Not so sure about that. LCS will receive 72 cents per share in divs for SLF today, and another 49 cents per share dividend for GWO. For both those holdings the payable date is the 30th of December . Cash position will be much higher today, since there are only 4 stocks in the fund.
EdPaquette wrote: Not quite there yet. Nav has to stay above 15 as per Brompton.
mouserman wrote: SO was high by a penny on my spreadsheet, but basically LCS was above the threshhold yesterday for paying to commons. Still a buy here imo , as there really are few trading at discounts that are in that zone around 15$ threshhold for UNIT NAV.