NAV currently sits at $1.36. So we are trading at a small premium at $1.40. If the reverse split would happen today, we would open trading at $14 and NAV would be $13.60. You would just have one tenth of the shares you originally had. But your overall value remains the same.
The big boards act much differently than the OTC. OTC reverse splits are usually followed by continued share dilution via the company or CEO. The big boards tend to reverse split to avoid delisting because of the $1 share rule to stay listed. (Various other reasons as well). CEN is not going to dilute the share count. They do need to get their share price away from that $1 threshold though. Thus this reverse split.
I do believe there is going to be some volatility. However, what matters is NAV. Just keep your eye on that and monitor if we are trading close to it.
Recent CEN News
- Form NPORT-P/A - Monthly Portfolio Investments Report on Form N-PORT (Public): [Amend] • Edgar (US Regulatory) • 02/28/2024 02:13:58 PM
- Form N-CEN - Annual Report for Registered Investment Companies • Edgar (US Regulatory) • 12/14/2023 06:08:13 PM
- Form N-CSR - Certified Shareholder Report • Edgar (US Regulatory) • 12/06/2023 10:19:24 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 11/29/2023 06:12:39 PM
- Brookfield Public Securities Group LLC Announces Closing of the Reorganization of Center Coast Brookfield MLP & Energy Infrastructure Fund into Center Coast Brookfield Midstream Focus Fund • GlobeNewswire Inc. • 10/09/2023 12:44:42 PM
- Center Coast Brookfield MLP & Energy Infrastructure Fund Announces Quarterly Distribution • GlobeNewswire Inc. • 09/01/2023 08:10:30 PM
- Form N-PX - Annual Report of proxy voting record of management investment companies • Edgar (US Regulatory) • 08/28/2023 03:36:31 PM
- Center Coast Brookfield MLP & Energy Infrastructure Fund Announces Shareholder Approval of its Reorganization into Center Coast Brookfield Midstream Focus Fund • GlobeNewswire Inc. • 08/16/2023 12:49:32 PM
- Center Coast Brookfield MLP & Energy Infrastructure Fund Announces Portfolio Manager Update • GlobeNewswire Inc. • 07/28/2023 09:02:36 PM
- Center Coast Brookfield MLP & Energy Infrastructure Fund Announces Quarterly Distribution • GlobeNewswire Inc. • 06/02/2023 08:17:51 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM