RE:Tentative debt deal announcedYou think there is a strong likelihood of the underlying portfolio rising by 3%+ in the next 3.5 weeks? It's certainly possible, but that would be one hell of a rally.
The NAV right now is basically unchanged from Friday's close. I suspect it will take at least a couple of months to make up that ground, but the markets have surprised me many times before.
In any case, I am more interested in whether investors will still be willing to pay the same outsized premiums we've been seeing for these increasingly tenous dividends. The premium is currently hovering around $0.70.
flamingogold wrote: Will the TSX take advantage of this news and run on Monday while US markets are closed? If not, might could be an opportunity for those trading to jump back in. Strong liklihood the distribution comes back next month.