bar1080, I guess you didn't notice the wink and smile after my board name comment? I know you can't do anything about the name of the CEF. I agree with you, it's a distribution, not a dividend. They've been distributing my own money back to me for a while, and I still don't have any complaints with AOD. Doug Albo is right by saying "the difference can mean a lot of money for investors in these high yielding funds over the long run" And I have bought risky high dividend paying ETF's a premium. Some good, some bad.
Another Warren Buffett lesson: "60% of your investments will be losers, the trick is to make a lot of money on the other 40%"
Tomorrow is the last paydate for the .055 distribution. We may see a sell off after folks get their extra shares. Although, it's usually a few day into the next month before it's actually paid. There has been an exceptional amount of volume lately, and it's still holding around 4. I did ask my broker to re-instate my DRIP plan with AOD, so I'll be getting some cheap shares now!
BTW, an excellent premium CEF that has been very stable over the years is PHK.
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