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fpcald

fpcald
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  • By The Numbers: A Comprehensive List Of MLPs And Their Credit Ratings [View article]
    More thanks! Very useful info.
    Jul 20, 2015. 09:09 AM | Likes Like |Link to Comment
  • Why The Aspire Deal Is A Winner For Cellceutix Shareholders [View article]
    Karin, I agree with all the compliments you've been given here. Thanks and let's hope you continue to monitor CTIX and share your insights with us..
    Dec 21, 2012. 10:36 AM | Likes Like |Link to Comment
  • 2 Closed-End Funds Worth Considering Now [View article]
    CEFconnect shows GAM with 17.41% "Structural and Effective" leverage and a 1.16% expense line item attributable to preferred share distributions. I think part of the discount is attributable to that leverage, which I suspect reflects the preferred interests first call at par on fund assets and income to cover the dividend. I know after all thr trouble with auction rate preferreds last year I don't like to see any leverage in a CEF. CEFconnect shows ADX with "Effective" leverage of 9.9%, but no "Structural Leverage". I don't see a preferred dividend for ADX so the effective leverage must be attributable to some form of derivative investment. In any event, I don't like to see any derivatives or debt in a CEF that I buy because it is too difficult to know the risks you're taking on beyond the market risk you'd have if you owned the stocks in the fund directly.
    Jan 7, 2010. 07:49 PM | Likes Like |Link to Comment
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