GPT down 66% WDC down 27% (thats $12 billion) LLC down 50% SGP down 47% ($7 billion) MGR down 62% VPG down 73% CNP down 96% ($5.2 billion)
While CNP wins the % booby prize, you have to factor in that the whole sector looks sick. Writing off large amounts allows them to preserve capital and get things going again. I doubt we will see 100% distributions again, probably some sort of restructure so they don't have to do this and preserve capital for a rainy day.
CNP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held