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  • Timing the Addition of a CEF to Your Portfolio [View article]
    According to last quarterly report, the fund is leveraged to the max (-57% cash), while the T-bills it owns have run up in price parabolically. Yes, the bonds are safe, but their market value is not guaranteed, and can collapse precipitously. If this triggers a need to de-leverage, the dividend will be cut, as has happened to many other CEFs recently. Caveat emptor, as always.
    Dec 14 14:36 pm |Rating: 0 0 |Link to Comment
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