For much of last year, BEP traded at a premium of 5% to 10% or more, currently the premium is only .49%. However, the fund was only set up to trade for five years, liquidating by March 31, 2010. My understanding is that they intend to liquidate even sooner. Also, their 6/09 distribution was 94% return of capital, in other words, they were paying you back your own money. Given the upcoming liquidation, I would avoid it unless it happened to be trading at a significant discount during the short remaining life of the fund.
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