any opionons on SUSP since the ipo ?
there x-div date is coming up Nov. 19th
SUSP announced today that the board of directors of its general partner has approved its first quarterly distribution for the third quarter of 2012 of $0.0285 per unit. This prorated amount corresponds to six days of its minimum quarterly cash distribution of $0.4375 per unit, or $1.75 on an annualized basis. The total distribution amount of approximately $624,000 is being paid from distributable cash flow of $644,000 for the six day period.
The proration period is from the closing date of SUSP's initial public offering on September 25 through the end of the quarter on September 30. The distribution will be paid November 29 to unitholders of record on November 19. Immediately prior to the distribution there will be 21,878,872 units outstanding, including all of the Partnership's common and subordinated units.
I purchased shares last week, got a good jump today and my trade web site showing a 7% annual divd. Haven't figure that percent out unless counting in MLP future planned payout around divd time, need to research sec filings more.
Hopefully Yahoo will open up msg board for SUSP soon. Wonder who we can email to speed it up.