I don't know where to find specific info about it, but I can assure you that this is the case. Just watch your account over the next couple days. You'll receive either the shares or the cash - depends on whether your account DRIPs the distribution or not
where do you see any info about the dividend payout? I've searched to see how much we are getting per share but haven't been able to find anything.
yup. drop was due to capital gains/dividend payout. There is generally a lag between the pps drop and receiving the cash (or shares in lieu of cash)
but the short answer is, we gained today - but it doesn't appear so on the surface because of the distribution.
This is very alarming, especially on such an upbeat overall stock market day! I can't find anything yet to explain this huge drop either!
I am assuming that this is some kind of distribution. Their office is closed and I can't find any other information on the web regarding this.