RE:RE:BK unit nav to Jan 10 = $20.60Well with most of Quadravest split funds, there is a 15 $ UNIT NAV ( made up of one preferred share and one common share), and when the UNIT NAV is over 15$ the common shares get a big distribution.
Preferreds always get distributions , unless the fund goes totally broke.
The more the UNIT NAV is above 15$ the safer the fund is . If the UNIT NAV is on the bubble , Close to 15$ , just before the mid month udpate, it means it is a gamble as to whether it pays this month to commons or not.
Islesfan wrote: Hi mouserman,
I'm new to split corp stocks and new to investing in general. Just wondering what these numbers mean. I see the great monthly dividend but know sometimes it may not be paid out depending on the NAV? Any guidance appreciated.