RE:RE:Trying to understand this...Nstrat wrote: They are paid 1.5% of book value annually not 15%. They are entitled to 15% of the growth in Book value over the initial BV after 5 years.
Thanks I got that cleared up, I am not so familar with public PE particularly how it's done in Canada, this still means the holdings need significantly more than 15% gain in value over the BV in order to make sense to buy this, no?