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Comments (10)

hjgearyjr profile picture
I'm wrong, sorry!
hjgearyjr profile picture
"In January 2019, the fund increased the monthly payout from $0.0875 to $0.0988 or a 13% yearly increase."
Do you mean January 2020?
Thank you,William.Looks promising for the long term.
Churchill32 profile picture
Long $EOS in my IRA since 2008 and DRIP all dividends; its been very good for me.
Irationl profile picture
Very Interesting. It serves well for some portfolios. Best in upwards markets but the economy is getting long on the tooth. Better to pick it up during next recession unless you are never going to sell it and just live off the dividends.

I completely disagree with your comment "gives some downside protection in weaker markets" as proven end of 2018. This is a high beta portfolio (you show the holdings) and given that it is a CEF it will swing into the 'more discount' territory than an open end fund.
@William Stamm. William, my understanding that one can get stung by return of capital with many CEFs. How does EOS fair in this regard over time? thank you
Will this ROC rumor ever die?
How so? William reports ROC in the report on EOS. Other SA CEF authors discuss the same issue.
William Stamm profile picture
@FarmerJan EOS over time does not have a large portion of ROC.

Below is a quote from an article I wrote on ETV a similar CEF.

The negative side of the return of capital is that it reduces your cost basis so that upon selling, you will have a larger long-term capital gain if held more than a year in a taxable account. For a full explanation of return of capital, please refer to the article written by Douglas Albo (CEFs and Return of Capital: Is It as Bad as It Sounds?).

Look up Douglas Albo he is the expert on ROC.

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