
As u can see from the chart as the cash has been returned the NAV falls. At the arrow the last dividend paid, which was expected as assets were sold but still at a large discount to NAV. The NAV has continued to fall but the Trust has enough cash in the bank to continue the run down as it waits for developments. The jury is out whether to sell or wait as it makes no difference to the fcast or the target, although if sold it could start earning some dividends.
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