I've followed Closed End Funds for decades and sometimes bought them... But only if the discount is >15% and better yet >20% and preferably with a chance of being "open ended."
Who needs a monthly payout which is just a sales gimmick targeting low-income retirees. Certainly those who buy CEF's on the IPO are unsophisticated because the funds almost always go to discounts. Paying monthly is costly for the fund (although AOD's expense ratio isn't bad).
Aside from those endemic problems, AOD's stock portfolio has underperformed the S&P 500 consistently. A good S&P 500 ETF index fund such as SPDR (SPY) would have beaten AOD by miles.
What interests me is that AOD is about the only CEF with an active group on IHUB. I'm following along... Will be reading the SEC filings and learning more about this fund.
Recent AOD News
- Form SC 13D - General Statement of Acquisition of Beneficial Ownership • Edgar (US Regulatory) • 08/02/2024 04:10:51 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 07/12/2024 05:29:28 PM
- Form N-CSRS - Certified Shareholder Report, Semi-Annual • Edgar (US Regulatory) • 07/08/2024 08:52:11 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 07:22:11 PM
- Form N-CEN - Annual Report for Registered Investment Companies • Edgar (US Regulatory) • 01/16/2024 01:56:09 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/12/2024 01:48:42 PM
- Form N-CSR - Certified Shareholder Report • Edgar (US Regulatory) • 01/08/2024 08:12:19 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 12/28/2023 03:23:03 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 12/18/2023 07:50:58 PM
- Form N-14 8C/A - Registration statement for closed-end investment company (business combinations): [Amend] • Edgar (US Regulatory) • 12/12/2023 07:55:57 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 11/13/2023 07:10:58 PM
- Form N-14 8C - Registration statement for closed-end investment company (business combinations) • Edgar (US Regulatory) • 10/24/2023 09:15:36 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 10/24/2023 04:14:34 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 10/24/2023 10:17:47 AM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 09/26/2023 04:46:05 PM
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