Future NAV premium, page-3

Loyalty units are issued 15 Jan 2018 . The loyalty determination date was 11th Dec 2017 , so obviously SH could have sold down after this date as they knew they were going to receive their loyalty units. I will be keeping both my original shares and the loyalty shares issued . I have also chosen to participate in the DRP.
I like to look at least a full 12 months for this fund , but temper this with the fact that , as you say , the top of the market in the US.