Yes, CLM owns quality stocks but CLM's payouts are often Return of Capital. CLM's portfolio only yields about 1.8% the last I looked. Beyond that, it's mostly smoke/mirrors. Gimmickry.
Lately CLM has been falling faster than the S&P suggesting the old NAV premium is vanishing. As I always warn, these CEFs can go to discounts. Even deep discounts.
Yes, I'm curious to see tomorrow's numbers.
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