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Vestin Realty Mortgage I, Inc Message Board

  • HVPPVR HVPPVR Nov 20, 2006 4:15 PM Flag

    Does anyone

    have any thoughts on the stock dividend (30%). Boths as to why(what's up?} and what dilution will do to distribution?

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    • with the book value almost double the stock price if the management wanted to do right by its investors they shoul issue a return of capitl dividend non taxable.

    • I don't know if the stock dividend will allow them to borrow more money for additional use, or not. I am in all three funds, I, II, and III, and the only one that I am up on is III. However, with the 30% stock dividend to be distributed on 12-15, the cost basis on II will drop a bit. My shares were bought as units years ago at an original cost of $10 per unit. I will have to go back over all of the transactions to see exactly where I stand after the stock dividend, and the October dividend that is to be paid on 12-27.
      The Duck

 
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