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 N-PX - Annual Report of proxy voting record of management investment companies • Edgar (US Regulatory) • 08/29/2024 06:12:07 PM
- 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
- 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
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM