The distribution rate is 0.0367 per unit, that is, on each $ 9.90 share NAV. This works out to 0.37% per month or 4.4% per year. This is quite a drop from the distribution of 6.51% before the conversion. You can beat that distribution from a publicly traded MIC like Timbercreek. With the recent drop in share price over the last week it yields 7.65 %. Alternately, a private MIC like Fisgard pays and even 5.00% right now and has none of the stomach churning unit value fluctuation.
PS - MIC-DRIP ... sounds like a runner up name for McDonald's McCafe....just sayin'....