I would expect that Wells Fargo would have a covenant prohibiting MCZ from getting any other loans. Either the buyout or replacement for Wells Fargo.
200,000 shares traded at 4:02 at .4684. Would this be an example of the market maker accumulating share for a big transaction? If so no wonder the stock was depressed today.
AGNC and MTGE are doing everything they can to keep the NAV up so ACAS can collect more fees. The dividend and share price are not the driving force for these companies.
I would feel a lot better that they are expecting to move to the next level. So far it seems with all the other product announcements (and I'm sure there will be more) that the resources for MOJO is very limited. So far it seems they are content being a small player.
Sentiment: Strong Buy
Looked back and the announcement last time was afterhours. So if they announce afterhours Friday the cut must be really bad. Reminds me of when ACAS was tanking a few years ago and they did the same thing with their earnings. I hope they announce them in the morning.
All the hedging has back-fired for this quarter from the dividend standpoint. Not a good sign that they are holding off on the announcement. After the div. cut it will be a good buying opportunity.
I think it is being held back by the cuts in dividend by other Mreits. Apollo cut theirs by 42%.