So we have always received a dividend covering three months four times a year,now they are going to every month, will this first one be for just one month or will it pay us for the three months we would normally get ?
There will be no distribution in June, which means that Line unit holders are losing 1/3 of the normal quarterly distribution.
According to the Line web site, the next distribution will be on July 14.
The last distribution payment was $.72, was paid on May 8 and covered 3 months of earnings.
Under the old regime, the next quarterly distribution would have been paid around August 14 and would have also been $.72 covering 3 months of earnings.
Under the new regime, Line unit holders will have received $.48 by August 15 (July and August distributions).
I been robbed.
I sold after the last distribution and will rebuy no sooner than August 16.
bzusa6, I talked of this a day or two ago, called it a cut in distribution. I got 11 thumbs down
and was told my mind was warped for suggesting a cut. Maybe the thumbsdowners have a
different word for it but I'm staying with cut.
The good news is, for all the thumbsdowners, with the 4.5 cent increase in distribution we might
get,we will recoup this lose early in the year 2015.