RE: RE: RE: Sold my position I believe that this fund is beyond the point of no return. The only way IMHO that CGQ.E will ever move the termination date farther into the future is IF it stopped paying the dividend. This fund is clearly paying out more then it is taking in thus causing the N.A.V. to drop month after month.
TD Waterhouse indicates a payout ratio of 153.3x,
The stock is trading $1.66 over the N.A.V. and yielding >18%
Something has got to give. Termination date: November 30, 2013
There is only 11 months of dividends = $.9625
JMHO
November 30, 2013