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Q: Regarding my earlier q on NRGY you mentioned that it was trading at a discount of around 3.5% and explained that there were some good reasons not to like the mutual fund that it would roll into.
But given that closed it closed at 5.52 and Ninepoint shows NAV as 6.03 it could - at that price - be purchased at a discount of about 8%, no? If that were the case, would it not have made sense - apart from the commodity risk - for a fund which will close in about 4 weeks and for which an investor would receive its NAV?
(I was really asking whether I was missing something in the conversion process from NRGY to NPP008)
Read Answer Asked by Peter on September 25, 2018
Q: NRGY is trading about 9% below NAV this morning (Based on Friday's closing NAV and this morning's moves in oil equities). Given that the fund is being closed and rolled into Ninepoint's energy mutual fund, does is it make sense to buy if you are okay with owning the mutual fund?
Also, do you have to accept the mutual fund or can you request cash when a fund is closed like this?
Read Answer Asked by Peter on September 25, 2018
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