CUBA Sept Divvy Info | Closed-End Funds Message Board Posts


Closed-End Funds   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board
Msg  22521 of 22669  at  10/1/2022 4:36:37 PM  by

gjunk3

The following message was updated on 10/1/2022 4:36:37 PM.

CUBA Sept Divvy Info

It appears that there was no adjustment of the nav in advance of the pay date. Since the Drip price was lower than the nav on the day before pay date there is noticeable dilution from the share issuance.


https://finance.yahoo.com/news/herzfeld-caribbean-basin-fund-inc-143800650.html

6,553,302 share count pre ex div
6,767,638 share count on pay date
$0.173625/sh div
Issue price $4.24595
214,499 shares issued on pay date
Resources allocated to share issuance 214,499*$4.24595 or $910,059.94
Total Div 6,553,302*0.173625 or $1,138,440.10

Total nav on day before pay date 6,553,302 * $4.57 or $2,994,859.01
Total nav on pay date 6,767,638 * $4.48 or $3,031,901.82

Total valuation increased by $37K but per share dilution might be measured by $4.57-$4.24995 or $.32/$4.57 or 7% * 20% or 1.4%?

A work in progress.



Total div payout





     e-mail to a friend      printer-friendly     add to library      
|  
Recs: 0  
   Views: 0 []
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
22523 Re: CUBA Sept Divvy Info gjunk3 0 10/2/2022 11:02:19 AM




Financial Market Data provided by
.
Loading...