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bar1080

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bar1080

Re: swanlinbar post# 61

Saturday, 06/09/2018 7:11:01 PM

Saturday, June 09, 2018 7:11:01 PM

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How do you think they pay 9.4% from their portfolio of quality low-leveraged investments that only yields about 1.5%?

The 9.4% consists of: 1) a tiny sliver of true dividends; 2) capital gains; and 3) paid-in capital. That is, they give you your own money back!

Gradually such funds get smaller and smaller due to the capital returns and they have to use Rights Offerings occasionally to replenish their assets. The Cornerstone Funds use a similar gimmick.

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