Maybe because it's friday and my brain has shut down, but.......

Maybe because it's friday and my brain has shut down, but.... CE1 is currently sitting at 13c, they are returning 12.46c per share. Using the example from their announcement, if I bought 1000 shares prior to the record date, I'd receive $124.6 distribution. So effectively I would have paid $5.4 (+brokerage) for those shares.

Ok, there is potentially tax involved if you don't have other losses to offset it, but aside from that, I'm trying to see what the catch is. Heck, if you offloaded those 1000 shares afterwards and the price had dropped ex-distro you're still in the money. Do I have friday brain and there is a trap I'm not seeing?