| To: CusterInvestor who wrote (14) | 4/26/2012 11:18:10 PM | | From: drpiranha | | | | Custer,
In checking it out, I saw that one of their strategies is Dividend Capture and I don't particularly like that strategy. For my foreign exposure, I'm using PKO (multi sector), DEX (global growth and inc), and AWF (emerging mkts inc)
Milt |
| | CEF Closed End Fund Investing | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: CusterInvestor who wrote (14) | 4/26/2012 11:30:13 PM | | From: LTBH | | | | ETG expenses 1.64%; FFC expenses 1.64% ... not sure why you consider its expenses are high. Believe purchases when in 6% discount area present better entry if you can wait for the dips.
I like ETG's current holdings but am not crazy about the frequent turnover of almost 100%.
Depending on what type fund and holdings you desire, also might wish to check out EHI.
I hold full positions in EHI, FFC and am establishing one in ETG ... currently at 25% position in ETG.
Disclaimer in that I am no expert ... just a guy trying to establish a growing income stream.
Luck
LTBH |
| | CEF Closed End Fund Investing | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| From: shadetreethinker | 4/27/2012 2:45:55 PM | | | | | | Interesting article at morningstar
news.morningstar.com
While it deals with leverage transparency by fund families. It also makes the point that choosing a CEF is more than just its distribution rate and if it is trading at a discount or premium. Most important is if the CEF is suitable to your portfolio and risk profile. |
| | CEF Closed End Fund Investing | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: orchid25 | 4/30/2012 9:22:23 PM | | | | | | Bought PFN today.
Pimco Closed End Fund, less than 2% Premium which is not bad for a Pimco fund.
Distribution rate approx 7.8%, paid monthly. I like monthly payers. Helps me eat daily.
Earning 8 and 7/8 cents, paying out 6.5 cents, UNII positive at over 23 cents, no ROC.
Looks interesting so I bought some.
FWIW
Orchid
| Distribution History | | Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year. | | |
Declared
DatePayable
DateEx
DateDistrib
AmountIncomeLong
GainShort
Gain ROC | 4/2/2012 | 5/1/2012 | 4/10/2012 | $0.0650 | $0.0650 | 0 | 0 |
| | 3/1/2012 | 3/19/2012 | 3/8/2012 | $0.0650 | $0.0650 | 0 | 0 |
| | 2/1/2012 | 3/1/2012 | 2/9/2012 | $0.0650 | $0.0650 | 0 | 0 |
| | 1/3/2012 | 2/1/2012 | 1/11/2012 | $0.0650 | $0.0650 | 0 | 0 |
| | 12/1/2011 | 1/3/2012 | 12/8/2011 | $0.0650 | $0.0650 | 0 | 0 |
| | 11/1/2011 | 12/1/2011 | 11/9/2011 | $0.0650 | $0.0650 | 0 | 0 |
| | 10/3/2011 | 11/1/2011 | 10/11/2011 | $0.0650 | $0.0650 | 0 | 0 |
| | 9/1/2011 | 10/3/2011 | 9/8/2011 | $0.0650 | $0.0650 | 0 | 0 |
| | 8/1/2011 | 9/1/2011 | 8/9/2011 | $0.0650 | $0.0650 | 0 | 0 |
| | 7/1/2011 | 8/1/2011 | 7/7/2011 | $0.0650 | $0.0650 | 0 | 0 |
| | 6/1/2011 | 7/1/2011 | 6/9/2011 | $0.0650 | $0.0650 | 0 | 0 |
| | 5/2/2011 | 6/1/2011 | 5/10/2011 | $0.0650 | $0.0650 | 0 | 0 |
|
|
| |
| Key Information Regarding Distributions | Avg. Earnings Per Share:
(As of 1/31/2012) | $0.0878 | Annualized Distribution Rate on NAV:
(As of 4/27/2012) | 7.92% | Total Return on NAV (12 months):
(As of 4/27/2012) | 3.70% | Avg. UNII Per Share:
(As of 1/31/2012) | $0.2374 | Avg. Portfolio Coupon:
(As of 4/27/2012) | 8.33% | Total % Portfolio Leveraged:
(As of 4/27/2012) | 29.19% |
|
|
|
| | CEF Closed End Fund Investing | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: Kapusta Kid | 5/6/2012 2:55:47 PM | | | | | | Douglas Albo occasionally posts articles on Seeking Alpha re CEFs. The comments of 'GlobalTrekker' on CEFs are also worth reading. Also, Albo, Greg Group and 'The Simple Accountant' have all written useful articles on the general topic of distributions vs. income and on a CEF's Return of Capital.
I don't think anyone should invest in CEFs, particularly equity CEFs which use options, without first having a solid understanding of Return of Capital and how it might or might not affect a fund's NAV.
|
| | CEF Closed End Fund Investing | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| From: brehm233 | 5/14/2012 5:39:07 PM | | | | | | Any thoughts on GGN?
I own a few shares, not sure why, except for the distributions. Seems S/A articles like it. Per cef, its not covering distributions, and trades at a premium.
GAMCO Gold & Natural Resources
Another gold related company getting cheaper by the day is Gamco Gold & Natural Resources Income Trust. GGN is a closed end fund which utilizes a covered call strategy on the majority of its portfolio holdings. This strategy generally consists of writing "out of the money call options" for each of the assets owned in the portfolio. The premiums that are collected contribute to the monthly distributions made by GGN.
This particular play on gold, precious metals, commodities, and energy offers an incredible yield of over 11% paid monthly. The payout history is very consistent and stable. GGN also offers a dividend reinvestment plan (DRIP) which allows an investor to purchase shares at a discount to market price under certain conditions.
As of the end of last year the portfolio of GGN included 45% in stocks and fixed income securities of gold and other precious metals mining companies, 43% in stocks and fixed income securities of energy companies, and 12% in stocks and fixed income securities of base metal and other commodity companies.
The current net asset value of GGN is 13.31. It is currently trading at around 14.60. This represents a 10% premium over net asset value. GGN regularly trades at a premium to NAV. I am a bit concerned with the shrinking NAV, but If they can keep leverage down I am comfortable with holding this CEF for the foreseeable future to reap the large monthly payouts.
seekingalpha.com |
| | CEF Closed End Fund Investing | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: brehm233 who wrote (20) | 5/14/2012 6:16:46 PM | | From: CusterInvestor | | | | GGN I've been interested in it for years, but kept getting put off for various reasons, one being that a good portion of dividend is supposedly return of capital--but I never looked deep enough into it to verify.
Would also appreciate more insight. |
| | CEF Closed End Fund Investing | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: CusterInvestor who wrote (21) | 5/18/2012 2:45:57 PM | | From: Kapusta Kid | | | | | CEF Connect (which is acting a bit squirrelly as I write) shows NO ROC in GGN's distributions over the last 2 years. But given that the fund uses options (i.e., sells calls on its positions), it wouldn't necessarily be a bad thing if there were ROC. I own some for the dividend. NAV and market price are both declining and I'm looking to possibly add more, but the premium is a bit steep right now: ~10.6%. |
| | CEF Closed End Fund Investing | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: brehm233 | 5/25/2012 4:02:24 PM | | | | | | Any one getting excited about KOL,
its at a 2 year low? We used to trade it monthly, but with all the polital 'stuff' its done nothing but drop... |
| | CEF Closed End Fund Investing | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
|
