Options Wonderland

[J-RO]

BWC Chart and DD ~

I've been holding this one for a while. Here's some quick DD on it, courtesy of "10Bagger"

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Pays over $0.11 per month Div. plus a healthy extra year end... Sells at a 4.2% discount to book and sells options on it's portfolios.. Invested funds since October 2005 are up almost 50% including dividends paid... Current yeild is well above 8%..

http://www1.blackrock.com/Default.aspx?cmty=ind&lo=9&appname=wsod_profile&appURL=http://www.blackrock.wallst.com/public/fund/profile.asp?symbol=BWC

Strategy & Objective

The BlackRock World Investment Trust, BWC, is a perpetual closed-end equity fund. BWC commenced operations in October 2005 with the investment objective of seeking current income, dividends and gains, with a secondary objective of long-term capital appreciation. Under normal market conditions, the Trust will invest at least 75% of its total assets in equity securities or options on equity securities or indices or sectors of equity securities. Equity securities in which the Trust anticipates investing include common stocks, preferred stocks, convertible securities, warrants, depository receipts and equity interests in REITs. The Trust may invest in preferred stocks and convertible securities of any rating. The Trust may invest up to 25% of its total assets in debt securities of issuers located anywhere in the world and including securities rated below investment grade. Debt securities in which the Trust anticipates investing include corporate bonds, U.S. government debt securities, non-U.S. government and supranational debt securities, mortgage-related securities and non-investment grade debt securities, commonly known as "junk bonds". The Trust may invest in companies of any size market capitalization and in companies conducting initial public offerings