RE:Re Retraction i have the same view, the biggest risk i see is if the yield is lowered. they said in May that the target distribution is unchanged. but "target" to me means it can be lowered, but why would it be lowered? not clear, do they need to bank more cash reserves? does S Wayne Finch need a new megayacht?
because if they use cash to buy back units at nav then it shouldnt matter. if they dont have enough cash they sell some underlying, not clear if or how that's done, some people here seem to know but I'm not that granular with all the "alchemy" that makes quadravest the opaque quadravest we all know.
In the case of PIC.a a month ago. they actually announced a much lower yield in advance, there was a big retraction 2 for 3 i think, many sold their shares expecting a post consildation crash and yet the post price did not come down, go figure