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Re: thekaiser post# 4

Friday, 02/03/2012 2:59:33 PM

Friday, February 03, 2012 2:59:33 PM

Post# of 26
You are welcome. I was a little surprised that this Fund did not have a board of its own, and that there is very little chatter about it.

This is a great closed-end fund, with decent technicals and just looking at the chart makes me smile. Couple that with a monthly dividend payed out for the past 6 years running. I wish I would have put a lot more into it in my initial buy-in, but as it stands my dividends get reinvested right back into the fund at the NAV so it's a win win.

I look at this as a really good long term investment which I have stashed in my IRA. However if a person has enough capital they could make VERY good intraday gains just based on the 1-2% gains this has been making daily for several weeks now.

Not only that but the bond market is steadily getting better, so the rate that this fund makes on it's investments could be getting better month after month.

It's pretty exciting to me. And the best part is this fund is leveraged and doesn't have near the volatility that a typical sub $4 would have.
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