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16-10-2013, 01:26 PM
I will be surprise they can inflate beyond reasonable value. Thought this requires external party to certify or something like that.
On surface, % of NAV seems better for shareholders as it measures efficiency for every dollar whereas % of income may means indiscriminate raising of cash to increase absolute income however the dividend yield can go lower.
On surface, % of NAV seems better for shareholders as it measures efficiency for every dollar whereas % of income may means indiscriminate raising of cash to increase absolute income however the dividend yield can go lower.