Adam Aloisi
Adam Aloisi
Send Message
Adam Aloisi
Stop FollowingAdam Aloisi
View as an RSS Feed
COMMENTS STATS
1,168 Comments
1,447 Likes

Income Investors: Have An Open Mind For Closed-End Funds [View article]
I thought ROC was an easier, better method of flagging potential problems with a distribution, but I appreciate you bringing it to readers' attentions. I actually found an article on Mornngstar, which I consider well done which is a worthy read for those who want to learn more about the intricate nature of UNII analysis.http://bit.ly/IRxgmX
Dividend Streaks - Do They Really Matter? [View article]
Income Investors: Have An Open Mind For Closed-End Funds [View article]
When I received my 1099 this year, the JMF related distributions were indeed ROC, which is not a taxable component, and merely reduces the cost basis of the original investment.
So, yes, in this case the reported ROC is a normal CEF event.
REITs can also return a portion of their income as ROC, typically non-qualified dividend income and ROC. So sporadic instances of ROC in REIT-related CEFs may not be a troublesome issue either.
Income Investors: Have An Open Mind For Closed-End Funds [View article]
And just as a discount is not an immediate reason to purchase a CEF, a premium is not an immediate reason to eliminate the fund from consideration. Although buying assets for clearly more than what they are worth is clearly a counterintuitive concept.
I have read Joe's work, he is one of the best here on SA.
Income Investors: Have An Open Mind For Closed-End Funds [View article]
Income Investors: Have An Open Mind For Closed-End Funds [View article]
I agree with your statement that one should never buy on discount alone. But, taken into consideration with other factors, the discount can be a compelling catalyst.
Income Investors: Have An Open Mind For Closed-End Funds [View article]
Income Investors: Have An Open Mind For Closed-End Funds [View article]
Income Investors: Have An Open Mind For Closed-End Funds [View article]
Income Investors: Have An Open Mind For Closed-End Funds [View article]
I don't like highly leverage funds, and even though the industry seems to be moving away from riskier leveraging methods, I prefer to keep leverage levels low in the funds I own.
Income Investors: Have An Open Mind For Closed-End Funds [View article]
Income Investors: Have An Open Mind For Closed-End Funds [View article]
Also, for those wanting a more in-depth lesson, I think Nuveen http://bit.ly/INX4vd has a tremendous educational library of CEF discussions, both written and video. It's worth a visit.
Income Investors: Have An Open Mind For Closed-End Funds [View article]
On FAX, appears a somewhat conservatively managed bond product, but with a decent amount of leverage. I see no ROC on FAX, the distribution appears covered by income.
Income Investors: Have An Open Mind For Closed-End Funds [View article]
Income Investors: Have An Open Mind For Closed-End Funds [View article]