RE:Any advice on this?CapHighliner wrote: "The net asset value per unit of the Company as at April 15, 2020 was $11.25. No regular monthly distributions will be paid on the Class A Shares in any month as long as the net asset value per unit is equal to or less than $12.50."
XTD Class A are now selling at $ 2.65 with a NAV of $11.25? What am I missing? I'm holding 16000 shares at avg price of $ 5.58! Any thoughts?
The NAV is the combined value of the preferred shares and the commons ( class A)
The XTD preferreds are at 9.28, so that leaves under 2$ in value for the class A shares...
Many buy into these split share corps , not fully understanding how they work.
I think it will be several months before these financial split funds return to paying,....
that especially goes for FTN and FFN from Qudravest.