Neuberger Berman Real Estate Securities Income Fund Inc. Message Board
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NAV and Discount
03/26/10 NRO=3.47/NAV=3.89 is 10.8% discount
03/12/10 NRO=3.32/NAV=3.78 is 12.2% discount
Tender offer measurement Feb 19 thru May 14 2010.
If discount is above 10% there will be a tender offer.
Mitch-
I'm thinking i might just sel my NRO and buy some CIM. The difference in the divvy is uncomparable. I guess I'm just getting tire of this 6% divvy, you get that anyplace.
- 1 Reply to dollar2cum
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The divvy must go up before any price appreciation will occur.
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04/09/10 NRO=3.60/NAV=3.94 is 08.6% discount
03/26/10 NRO=3.47/NAV=3.89 is 10.8% discount
03/12/10 NRO=3.32/NAV=3.78 is 12.2% discount
Tender offer measurement Feb 19 thru May 14 2010.
If discount is above 10% there will be a tender offer.
Mitch- 1 Reply to msburko
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04/16/10 NRO=3.47/NAV=3.83 is 09.4% discount
04/09/10 NRO=3.60/NAV=3.94 is 08.6% discount
03/26/10 NRO=3.47/NAV=3.89 is 10.8% discount
03/12/10 NRO=3.32/NAV=3.78 is 12.2% discount
Tender offer measurement Feb 19 thru May 14 2010.
If discount is above 10% there will be a tender offer.
Malinda: I'm posting the discount because the tender is a tradable event. Discount decreases during the tender then widens after the tender closes.
Mitch
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Hope it happens.
- 1 Reply to plane5151
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plane. If that tender offer becomes a reality, you can have my share. We bought in at 18 in Aug 07, stayed with this thing all the way down, then loaded up at 2.06 and 1.51. We now have 5000 shares and have no intention of selling just because of a tender offer. If some investors like that offer, go for it. We believe RE is on the way up and NRO will follow. Good luck to you.retiredafe8
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