It seems to me that PIF is a stand-alone unit (MFS separated themselves, then drew fees),also separate from whatever happens to to MFS share price. The biggest concern is whether the Royal Bank of Scotland will allow them to trade their way out of the bogmire they've got themselves into. I have 2 holdings in PIF (invested before May 2007 as conservative investments, before the bogmire hit the fan) but feel that despite freezing distributions we'll also take a large capital loss as well. It's 7% of my portfolio, but still money I can't afford to lose. I'm hoping they can do a deal but am not to optimistic atm. Currently just wondering how much of my capital I'll get back!!! Cheers.
MFS Price at posting:
0.0¢ Sentiment: None Disclosure: Held
