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Msg  22836 of 22985  at  1/31/2023 9:24:24 AM  by

gjunk3

The following message was updated on 1/31/2023 9:38:17 AM.

GUT Drip Effect

I've been tracking the (GUT) drip for almost 2 years now and I have some #s to cite on how it's done. Excluding the value of the 1 for 7 rights to buy shares at a +20% prem the drip effect has been quite modest. Nothing like the power of the Cstone drips.

The total return for (GUT) as measured by convention, (i.e. div buy at COB on ex) since 2.1.21 was 9.5%. Dripping the div and getting the 5% below mp issue price resulted in juicing the total return to only 9.63%.

This does not include the value of the rights that were issued to shareholders back in March 2022. If one didn't sell or exercise the rights that was the total return that one received.

Cstone drips juice returns by a far greater magnitude due to the depth of the discount to mps that those shares get issued at. The Cstones also had rights offering that could have juiced returns as well but there was no ability to sell the rights and their rights had to be exercised or the benefit was lost.


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Msg # Subject Author Recs Date Posted
22837 Re: GUT Drip Effect mutualhelper 0 1/31/2023 9:41:27 AM




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