Alpine Total Dynamic Dividend CEF (AOD)

[LORTAP KCOTS]

funny, as I look at the chart and see the truth it really contradicts your wisdom..

http://www.cefconnect.com/Details/Summary.aspx?ticker=AOD

$20/share in 2007, $6/share 2011
down 70% or $14 since inception..

Total Dividends since inception $7.18

http://www.alpinecef.com/index.html

So tell me at you declaration of 99% bulletproof investment, how $6(current price) + $7.18(total dividends) = a gain from an initial $20 share price...
an investment in AOD over any point in its 3 years comes out to every penny in dividend has cost 2 cents in NAV.... This is the cost, not fuzzy math...

So I guess you must be doing some magic to avoid this?