BDHPlayer

Attractive and Secure Monthly CEF Distributions?

I'm guessing that your wrong on the management fee. Total expenses include the borrowing costs of the leverage.


On Aug 26 04:11 PM GlobalTrekker wrote:

> User 445849,
>
> Where did you hear about the div cut? Even their public desk was
> unaware. The delayed dividend announcement was a tip off. Quite a
> big drop: 12% cut.
>
> Joe Eqcome,
>
> Like your posts and analysis, but I think there is a limit to this
> type of screening analysis. A much more valid approach would be back-testing
> these hypotheses on random time intervals and seeing if the short-term
> return was greater than the S&P or appropriate bond index over
> that interval. I really have doubts about most of these picks. DHF
> and FAM both look like a bunch of crap that have underperformed compared
> to their indices. It's just their discounts have fallen. DHF with
> a 3.1% management fee is appalling compared to JNK's 50 b.p.s fee.
> And FAM is a disaster waiting to happen at 29% leverage and a completely
> unjustifiable 3.6% management fee.