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DNP Select Income Fund, Inc. Co Message Board

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  • pvbud pvbud Mar 22, 2012 7:27 AM Flag

    Rights Offering

    So far the effect of the "Rights Offering" has dropped the value of DNP about 6 percent. This "factoring-in" is frequesntly lost in the scheme of the "Offering", but it's there, imo.

    Value on 3/16/12 $11.11; value on 3/21/12 $10.46

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    • Can't deny the perceived impact but that doesn't make the market right longer term. DNI did the same thing at first and has since recovered and then some. Could be a knee jerk reaction until the details come out as the market doesn't like uncertainty. Time will tell but, imo, this is a buying opportunity. You are getting the same dividend but on a much lower base

10.290.00(0.00%)Oct 25 4:02 PMEDT