IGR

the equity offering may not be a bad thing, as long as it is not diluting the NAV of the fund. according to IGR’s SEC filing, the offering price “will not be less than the then current net asset value (“NAV”) per Common Share plus the per Common Share amount of the commission to be paid to Foreside (the “Minimum Price”). The Trust and Foreside will determine whether any sales of Common Shares will be authorized on a particular day. The Trust and Foreside, however, will not authorize sales of Common Shares if the market price per Common Share is less than the Minimum Price”. they can then use the proceeds to invest in more dividend paying REITs.