Coolius
Full time employment: Posting here.
- Joined
- May 15, 2010
- Messages
- 862
Well, not too painful. With zero div, I'm out $60. Any pro-rated div reduces that.
You will not lose much. MNR-A accrued interest is 0.52 cents/day, per share. For 200 shares, you will be getting 0.0052 * 200 = $1.04/day.
The worst case is they announce a call tomorrow; you then will receive about 23 days accrued interest, ( about $24 ), plus par on day of redemption.
So your max loss is $36. And each day where no call comes, you lower your max loss amount by a dollar.
In 5 weeks from now, you break even. But, from Mulligan's posts - I agree with him, you will likely not have those 5 weeks, unfortunately. Let's hope I turn out to be wrong.