InvestorsHub Logo
Post# of 1706
Next 10
Followers 253
Posts 28380
Boards Moderated 4
Alias Born 07/07/2004

Re: fung_derf post# 1530

Thursday, 07/19/2018 11:06:51 PM

Thursday, July 19, 2018 11:06:51 PM

Post# of 1706
Shhh, you're going to ruin a fantasy. I have a CEF that recently started paying a "managed distribution" of 6% which means that If the CEF falls short -- as often happens -- it simply pays shareholders their own money or borrows it. Oddly that scheme makes some shareholders happy. Appropriately that CEF has almost always been deeply discounted.

BTW, I own BRK-B, as of last week. Last time Buffett paid a div was 1967... and he earned it.

______________________________________________________________
Because the Good Life is Just a Pump or Two Away

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.