RE:RE:re don't sell on down daysWith BK the next distribution is determined by the average selling price of the last 3 days of the previous month. SO this month BK is getting 16.5 cents based on an average sale price of $13.20 at the End of JULY.
If this month end's average selling price is $12.80 ( which would still represent a huge premium)
the distributions drops to 16 cents even.... that certainly does NOT make up for the capital loss from 13.20 to 12.80.... In a down market these capital losses can add up fast... I suspect we seeing a huge dumpfest on ex dividend date, unless the market turns on its heels and suddenly becomes bullish again. I dont think that will happen, in the near future.