It doesn't quite work like that.
A fall of that magnitude would trigger a breach of the lending covenants & trigger a capital raising.
With the price where it currently is that would be diluting & as such would reduce the NTA further.
A snowball effect if you like.
Anything bigger than a 20% fall in asset prices & were in trouble IMO.
Ann: Dividend/Distribution - COF, page-108
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Mkt cap ! $660.0M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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