I am considering it. My adviser says you must have owned ETP at yesterdays close to get the distribution. If it drops like a rock today, I will have missed the boat. I am not sure if one has to hold until today's close. I am up 12% plus distribution, and hold within an IRA. Lot's of questions.
that is correct.
if you had ETP shares at yesterday's close then you will get the div on Feb 14 no matter what you do today.
I expect ETP to trade negative today by the same amount of the div, about 2.5%
After I read about the latest offering, it really p.m.o. and I wanted to dump.
As they say: Love it or leave it.
I just can't put myself in the sell mood, perhaps due to the $0.89 distr.
So I'll stick with it for now with the hope that they will increase the distribution.
Good luck to all who stay!