Australia's largest stock trading and investment forum Australia's #1 stock forum

NBI

Click for more information

0.00%

$1.53 nb global corporate income trust

So if you can’t get the SP to come up to NTA, you return capital...

First 8 Last

Share
Profile

Follow
F01

2,780 Posts.

125

23/03/23

20:53

Post #: 66931048
Share

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).

Expand

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
Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BUX

Buxton projects new graphite province discovery at WA Narryer play

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

First 8 Last

Add NBI (ASX) to my watchlist