I do understand that the share price is going down with ex div, but why would the share price drop even more after ex div? you would expect, that share holder who would like to sell their shares , do this before ex div.
So far, a drop of 11 cents for the ex dividend plus another 11 cents drop. Too many questions right now.....accounting, SEC, now a class action lawsuit that was actually filed ( not just investigated) and PSEC is a wounded animal right now & the buzzards are circling. It appears the smart investors sold yesterday near the 10.28 high. I also hold some PSEC stock and will ride this out although expect a bumpy road for at least 6 months to one year.
As far as we know the SEC just made an inquiry,not a suit against PSEC.
Of course management must step up to the plate and give us a clear understanding of what is taking
place. At this point most of the hoilders are in the red,so we all trusting that the dividend will not
be impacted. Personally believe this is much ado about little,probably will develop into a great