Great Northern Iron Ore Properties Will Likely Fall To $15 Soon After The June 26th Ex-Dividend Date
- Great Northern will terminate on April 6th, 2015 and the stock will go to zero.
- The final three dividends, not including June's, and final liquidation distribution will total about $15 per share not taking into account the time value of money.
- The same price action leading up to and after GNI's March ex-dividend date, is playing out for June's as well.
- With declining iron ore prices, and increasing expenses of the trust, it's likely shareholders will get smaller distributions than they expect.