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Lexington Realty Trust Message Board

  • winmore_98 winmore_98 Oct 29, 2003 12:23 PM Flag

    don't pinch me THAT bad

    Geez, a 3.9% discount under 19.75 price:-( I'm glad this reit is not one of my major holdings. Still, now is the time to buy if you ever had any idea to buy.

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    • This wasn't a 3.9% discount, becasue the stock would normally have traded ex-dividend on Wed anyway (normal share price reduction of 33.5-cents or about 1.6%. So the hit from the new issuance was only just over 2%... small by the standards of these things.

      The company was actually very clever to describe the issue price relative to a pre-ex-dividend reference price. You can really only do this when you sell additional stock on an ex-date.

9.10-0.01(-0.11%)May 23 4:03 PMEDT