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Replies to #345 on insane dividends

look1

07/16/09 1:45 PM

#346 RE: wzebra33 #345

wzebra33 If you was woundering what leverage can do to a closed end fund check out RMR RDR RFR ect. all from the same company they had to sell some of their holding at a steep discount to cover the leverage they (closed end funds) have to have a 2 to 1 ratio of leverage to holdings. The above are now all in one. NRO was another but I think it is going to make it. I still have some of NRO. What I do is look NRO news or SEC fililgs look for NQ at the end of the PR or SEC fileing thiis gives you their holdings (amost all closed end funds have this). I let them do the most of the DD. Then I go to http://www.quantumonline.com/index.cfm sign in is free they have a list of all the preferreds and some exchange traded debt with their S&P Moodies rating every thing that gives you dividends it is where I found PVX I sold my SFI-E preferreds paying me 60%+ dividen I bought CTGI because I think it is a zip code changing co. click on the post I wrote this AM and click on the link their. Go to about 14 min in and if it intrest you listen to it all.