Good thought, except that BEFORE May they will cut the dividend once again to somewhere between $0.15-0.20. And more cuts next quarter, when the PPS will be in single digits.
This LP is in insolvency as far as I am concerned - and there is only way out of it - BK.
No jrad52, no trick there.
The release said that the distribution will be paid to "all shareholders of record as of January 21"... So id someone buys on Friday - yes, the 17th, my mistake, at ex-div pricce, he or she will still be a shareholder of record ON JANUARY 21, and hence entitled to the distribution !!!
These dates are not realistic. If the Ex-Div day in the 18th, that means that someone can buy on the 18th, and still get the dividends because they are shareholders of record on the 21st??? This does not make sense....