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$1.53 nb global corporate income trust

Ann: NBI announces increase in distribution rate, page-8

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125

23/03/23

20:53

Post #: 66931048
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Originally posted by eigenvalue ↑

The latest monthly report states that the portfolio has a yield of 6.75%. The MER is .85%; therefore, the trust is earning about 5.9%. The announcement pertaining to the increase in distribution states that the distribution will equal 8.85% of the NTA. Thus, I'd expect 8.85 - 5.9 = 2.95% of the yield to be the return of capital. Stated alternatively, about 1/3 of the monthly distribution will be the return of capital (2.95 / 8.85).

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So if you can’t get the SP to come up to NTA, you return capital dropping the NTA down to the SP . We’ll see what Mrs Market makes of this.

NBI Price at posting: $1.38 Sentiment: None Disclosure: Held
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