RE:RE:LCS only split fund trading at a discount The 7.5 cents distribution in LCS, makes the distributions more sustainable than those like DGS or FFN who have higher payouts and lower UNIT NAV ( actual value). DGS is at about $15.37 UNIT NAV as of yesterday, and FFN still under 15$ , and it appears investors are hoping to get the big distributions regardless of the poor value.
marcrobert wrote: makes sense since it was between 5 and 3 last 2 months, that's the game with these A shares. when they drift below 6 they will rapidly approach or undershoot nav, like a moth flying into a light bulb. that's why i say anything that's looking like sub 7, keep a close eye because as it goes below 6, the drop can be fast. LCS is the worst of the bunch, extremely narrow focus, lifecos not really doing much, distribution is 7.5 cents instead of 10 for the others. this is a trade when it hits 3s not a buy and hold