I think that we may see a sell down by people who have bought on...

I think that we may see a sell down by people who have bought on a yield basis. This inludes some securities funds who hold millions of units who wouldn't want to have to tell their unit holders that they are going to have to cut their distributions (MPS is one of these).

I suppose now it comes down to how long you are willing to hold. If it was short term then I think there is a good chance that you may lose a bit of cash. In the long term though things should be OK unless there are any covenants breached, which they must be getting close to some.