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Msg  22523 of 22669  at  10/2/2022 11:02:19 AM  by

gjunk3

The following message was updated on 10/2/2022 11:44:58 AM.

 In response to msg 22521 by  gjunk3
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Re: CUBA Sept Divvy Info

Trying to figure the dilution booked on pay date with the new issuance I have cooked up the following figure
xxxxxxxxxSharesxxxxx$ Amount
oldxxxxx 6,553,302xxxx $29,948,590.14
added xx214,499 xxxxx$910,752.03
newxxx6,767,801 xxxx$30,859,342.17

Per share on day before pay date $4.57 as announced for old share count.
Per share on day before pay date $4.5597 as calculated for new share count.

Per share dilution only $0.0103 on day before pay date

Pay day nav of $4.48 implies a drop in the port of $0.0797 on pay date. I think that's technically how it should be calculated. Only $4.24595 per share were accounted for when units valued at $4.57 were issued so that is how the accounting would seem to be allocated.

The siazble port fall since ex date really softened the dilution of the divvy.


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