How will the disclosed distribution affect the fund's net asset value and market price in the short term?

The disclosed $0.0825 monthly distribution will be subtracted from the fund’s net asset value on the ex‑distribution date, so the NAV per share will fall by roughly the same amount (about 0.7 % of the current $11.70‑$12.00 NAV range). In a closed‑end vehicle this mechanical NAV drop is usually reflected almost one‑for‑one in the market price, but the price reaction can be amplified by investor sentiment. Because the payout represents a relatively high, stable yield for a dividend‑focused fund, many income‑oriented investors view it as a positive signal and may step in to buy the shares, especially if the market price is already trading at a discount to NAV. Consequently, the net price impact in the short term is often a modest dip (≈$0.08) followed by a quick rebound as buyers chase the yield.

From a technical standpoint, PDT has been holding a narrow trading band around a 0.5‑1 % discount to NAV for the past several weeks, with the 20‑day EMA acting as a minor support level near $11.30. In the immediate aftermath of the ex‑date, expect the price to slide to that support, then test the EMA. If buying pressure from yield‑seeking funds materialises, the price can recover and potentially close the discount, creating a short‑term buying opportunity. Traders could consider entering a modest long position at the discounted price, targeting a 1‑2 % upside as the market digests the distribution and the price re‑aligns with NAV. Conversely, if the stock falls sharply and breaches the EMA, a stop‑loss just below $11.20 would protect against a prolonged sell‑off.