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Re: blackcat post# 472

Saturday, 12/08/2018 2:08:13 PM

Saturday, December 08, 2018 2:08:13 PM

Post# of 812
Blackcat, ADX trades at a 14% discount to NAV (and almost always does). It has much lower fees than CLM. It's been a vastly better investment than CLM over the many years I've owned it. But it's basically just an index fund with a discount and a slightly a higher yield due to the discount.

For someone in a high tax bracket ADX used to be a sensible investment. With ADX's recent 6% "managed" payout I doubt it still is.

Here, learn about ADX: https://www.cefconnect.com/fund/ADX

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