This is why not announcing the exact cut until next quarter is a problem. It produces too much uncertainty. 68% of the current distribution is $1.92. Say they have to build in a 10% cushion, that's $1.73. The market may still require a 10% yield until this stabilizes. That means it could trade down to $17.30.
The one opportunity may be that the selloff is taking NRGM down too, which may present a buying opp.