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Cohen & Steers Reit and Preferr Message Board

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  • joelndll joelndll Nov 1, 2008 8:06 AM Flag

    Dividend Calculation

    10/31/08:NAV $10.19. Share Traded is $8.21 The
    discount is $1.88 or 18.48%. Super! Since RNP is 40% leveraged. The $10.19 is 140% so the NAV less the AMPS is $7.28. With 60,000,000 shares outstanding, RNP now has a true Net Asset Value of $436,000,000. Just 1 week ago they were borderline wherein the AMPS almost equalled their investment holdings. Some
    of their holdings rose 10 to 25% this week. The anouncement of no capital gains bodes well with their intentions of a CONSISTANT dividend $ .20 per month anouncement a week ago.

19.26-0.08(-0.41%)Apr 27 4:02 PMEDT