Post by
bjbear on Jun 23, 2020 11:03am
What a deal!
Been selling my MMP.UN to buy PME. Love a 15% discount on PME versus a 10% discount on MMP.UN. Love making an extra 5 % return when the discounts become equal in the next few weeks or months. I remember when PME was trading at almost no discount and MMP.UN was trading at several percent discount. Holdings in both funds arevirually identical and slight dividend difference is meaningless as they are NOT true dividends but cash disbursements rounded off to the nearest half cent so it is impossible to get exactly the same " percent dividend" on the funds as they are at different price levels. Phone them up and see that I am correct.By the way show me one gold stock in the whole world that pays a dividend over 6%. They don't exist now but may in the future as their profits soar.
In any case both funds have a great mix of junior precious metal producers some of which will get taken out in the next year or so which means both funds should do very well