Yep, i sold all my Metrics Income Opportunities Trust (MOT) and Metrics Master Income Trust (MXT) as the dividends just kept dropping.
As can be seen in the table below Metrics Income Opportunities Trust dividends just kept dropping over a period of 8 months by 40% from peak while there’s been no change in interest rates. And just after issuing units.
| 31/05/2024 | $0.0127 |
| 30/04/2024 | $0.014 |
| 02/04/2024 | $0.0146 |
| 29/02/2024 | $0.016 |
| 31/01/2024 | $0.0166 |
| 29/12/2023 | $0.0168 |
| 30/11/2023 | $0.0206 |
| 31/10/2023 | $0.0199 |
Their income is earned by interest on loans and equity deals. Why is there a 40% decline in income?
Have the borrowers stopped paying? did a deal go bad?
No explanations or reasons whatsoever have been given. Instead there’s a marketing push for people to get invested.
As a part owner of the company I think this is unacceptable behaviour from the board and management and since I can’t fire them I sold all my shares.
The positive is I made a gain on the price paid plus some dividends and demand is increased by their marketing efforts.
I don’t think I’ll ever buy shares or units in any Metrix company or trust again.
Metrix, You’re Fired!