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Reducing Fixed Income More

|Includes: Aberdeen Total Dynamic Dividend Fund (AOD)

Today I sold part of my position in Alpine Total Dynamic Dividend Fund (NYSE:AOD). This is in line with my strategy of reducing fixed income positions in my portfolio. Another reason: last 6 declared distributions have a big (about 40%) portion of return of capital. Which means that real dividend is only about 60% of what you see in the press releases.

Disclosure: I am long AOD.

Additional disclosure: Positions can change any time.