Any news on MIC.

Thanks Dan.

Hey there. The company was actually acquired by Brookfield Business Partners back in October of 2020. The stock was actually on our Dividend Bull List for a very short period of time (27 days) before being acquired.

The purchase price was $43.50. So this is why you've seen the company essentially flatline since then. The transaction is set to close in the first half of 2021. The company was granted the ability to continue paying its dividend during this time as well. So, it was a pretty safe bet to collect a hefty dividend while you wait, but many sold right as the deal was announced.

Once the deal closes, you will be paid out in cash for your shares if you own it.