Non-Tech : Income Investing

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From: MCsweet1/3/2018 10:30:11 AM
1 Recommendation

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B.O. Plenty

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Floating rate CEFs update

VVR and VTA both cut dividends. I did point out VTA was underearnings its dividend, but I didn't think VVR would cut so much. I am selling my VVR at an ok profit, even though it is down today. I am fine holding some VTA as it has a high historical return and still a higher-then-average dividend. However, I have nice profits on it, and it has high expenses, so I took profits as well.

JQC did not cut its dividend, but I think that is on the horizon.

EFT and FRA have relatively low fees and have large UNII reserves to preserve or increase the dividend in the future. Their discounts aren't the highest, but I am swapping into these for some buy-and-hold money, as I move out of my tax loss selling buys.

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