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Message Boards Settings Eastern American Natural (NGT) - Quote Info
zero coupon bonds     16-Sep-09 01:24 am    
could someone explain the '$20 in zero coupon bonds per share'.

When the bonds mature in 2012, does thr trust get $20 per unit which would be distributed to unitholders?

More specifically, how are investors valuing this trust?
The last quarterly distribution was 25c. If the trust terminates in 2012, there are 2-3 years of distributions left. So maybe $3 in distributions before the trust terminates. Maybe $4 if NG rises.

Current until price is almost $24. Subtracting $3-4 in remaining distributions, that implies investors are expecting the trust to pay out $20 per unit at termination.

Is that because of this $20 zero coupon bond? Or are the remaining NG assets expected to be worth $20? Or is it $20 for the bonds plus whatever the remaining NG assets are worth thrown in as a bonus?

Please help me understand whether this is worth investing in at this late stage of the trust's life.
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zero coupon bonds
lisahuang54... Not rated 16-Sep-09 01:24 am  
 
Here are the cash flows you will receive between n...
kuhndan Rate it 17-Sep-09 09:10 pm  
 
I assume they have only an interest in the we...
dinkdestroy... Rate it 18-Sep-09 11:49 am  
 
Of the 670 wells in which NGT has a net profits in...
lazjoz (1 Rating) 12-Nov-09 11:35 am  
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Eastern American Natural Gas Trust (NGT)

Chart for Eastern American Natural Gas Trust (NGT)
On Dec 18: 23.713 Up 0.063 (0.27%)
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