Comment by
Stoiklaugh on Jan 18, 2025 8:45am
Interesting! thanks for sharing!
Comment by
Master1917 on Jan 18, 2025 12:35pm
We all would expect the discount converge to NAV and then go further into the premium, if past performance is indication of future results, but we all seeing somethingbvery different. Is average premium / discount available over each calendar year?
Comment by
rixpix on Jan 19, 2025 7:55am
I think the reason they used to trade at a premium is because prime lending rates were holding steady at roughly 2% for quite a while, until rising rates and inflation fears took over in Sept 2023 and made investors panic sell at market prices. The way I see it, they've bought back gradually since then, but the interest rate fear still exist hence the discount in NAV.
Comment by
deisman03 on Jan 19, 2025 1:26pm
The charts don't agree with you, but it's possible GLTA the good folks here