i USED THE drop to sell some july 26 puts my thoughts are that the dist will not be affected this quarter and maybe not as much as everyone is yelling doom and gloom NTI get most of their crude from the backen and Canada, the oil to exported (I think) id lss or Louisiana light which may not have that much of an impact on NTI's crack spread... and it may help in raising prices..
if it like bdcl, it considered as 100% taxable dividends reported on 1099 from you broker .... which many times is wrong and later "corrected" in late march.
from a press release on their website it would "imply the exdiv date would already have passes??
Hamilton, Bermuda, January 27, 2014
Nordic American Tankers Limited ("NAT") today announced that the 66th dividend of NAT is expected to be $0.25 per share compared with $0.16 per share for 3Q2013. This time the dividend consists of two parts; a cash dividend of $0.12 per common share and a partial distribution of shares held by NAT in Nordic American Offshore Ltd. ("NAO"), equivalent to $0.13 per NAT share.
The Board has declared a cash dividend of $0.12 per NAT share which is one part of the dividend. The record date for the cash dividend is planned for February 20, 2014 and the payment is expected to take place on or about March 3, 2014.
In addition, the Board intends to declare a dividend composed of a portion of the shares that NAT owns in NAO. This portion is about $10 million worth of NAO shares. This will be equivalent to $0.13 per NAT share. Before the $10 million distribution, NAT owns $65 million worth of shares in NAO (or 26% of NAO). The NAO subscription price was $15.00 per share. NAO objectives include a full payout dividend policy similar to NAT and a high liquidity in the share as is the case for NAT.
what date will the exdiv date for the NAO distribution ? I can not find any reference to this in nao's IPO and it was hinted as the 1st quarter of nat's dividend but no mention of it since then.
the name of the fund has "closed end" in it but reading the prospectus the funds that they are supposed to track do not seem like my idea of a closed end fund. more so like mutual funds that are high yield other than the prospectus is there a list of the funds that they are tracking? prospectus is really old
To pay down some of their debt due to the latest purchase, I expect a dist increase, followed by a significant share sale. at that time I think it will be the right time to buy some more.
what ever happened to the two items that they wanted us to vote on? one was to increase the incentive dist plan which I voted against. the other was to buy out the general partner I am not sure I was ever sent proxy info but this one sound better than the first. in any case they promised the GP buyout would be cash flow plus so if they are doing it I would expect to see a dist increase soon.
one month later and options are expiring again this time the ask is 1.25 for the 17.5 strike call with the pps at 17.84 this is ridiculous pricing of the option that basically expires today (tomorrow markets are closed) the option should be trading 30-40 bid ask I am short some of the calls and have a bid in for .35 just because I don't want the tax on the sale next year but otherwise I am willing to let them go and since I have a small gain I can buy then back any time i.e no wash sale rule.
it is not ngp that has filled it ipo but mrd:
Memorial Resource Development Corp (MRD) files initial S-1 to raise up to $700mm in an IPO (filing)
MRD is the sponsor of upstream MLP Memorial Production Partners (MEMP), owning 50% of the IDRs and 8.7% L.P. units
MRD also owns 1.1 Tcf of proved reserves of its own
it looks like to me that they just selling while the sell is good.
vnr is a steady e&p mlp but does not drill like line. they are an llc like line and no gp or IDR's which is good . one bad thing is ubti for an ira which is quite high compared to other mlp's
some of the important info missing from the presentation is 2014 guidance and dist coverage both present and guidance some of the guidance info is a fluid since they are attempting to sell quite a bit of property but they would have mentioned it if the had a good spin on the numbers.
not sure why it would pop on the news but the GP is coming out with an IPO. If memory serves me correctly last summer the same GP sold a bunch of their memp units so now they are selling some of the gp
I have more BDCL than other bdc's but am wondering what will happen to bdcl if they take all of the bdc's out of the Russell index like they did the s&p 400 it may only be temporary 2-3 months, but may present a better buying opportunity down the road and am considering selling my stock just prior to exdiv date.
what is up with this message board? when I look at the summary it shows no message board exists i have to enter from another stock and ask to get message board from there?
we could have more info shared if all were allowed (or knew enough to enter message board)
with the two latest purchases, I expect to see some new financing soon as well as a dist increase next quarter. dist coverage was not great last quarter so maybe not see the dist increase until aug but could come in may ( assist the sale of new units)
LRR k1 has a "special note" that taxable income should be line 1 plus line 7 less line 13j and 20t1. this results in a negative number however just keying the numbers into turbo tax results in quite a bit of income, so the question is how should we report the taxable income so we are not paying extra taxes ?
I went to the web site and found the generic tax booklet but if my memory is correct E-trade will revise their info and issue a oid form to be entered into the tax info... which is one of the biggest reasons I sold the stock.