Have always bought KYN on their dips. Made a lot of money with them over the years. Always reinvested and shares have grown. Everybody go ahead and moan about the offering today. Sell your shares. I'll be waiting. Like Dirty Harry said...."Go ahead. make my day!"
Just hte recent buyers, but they probably didn't buy KYN for a trade. It was trading at a nice large premium to NAV - still is now - NAV is likely about $30.00 like last Thursday, based on the movement of AMLP.
If you hold it for long term income, you're fine. The good news is that this gives them a slug of capital to cut special deals with like Buffet does. It enhances the return of the fund.
Filled a bunch @ 31.25 on the opening trade, 31.28-9 since. I told you to wait to buy.