RE: RE: RE: RE: RE: RE: N.A.V. holding Opinions aside the math says GOOD LUCK regarding the N.A.V. raising to current trading price >$6.00
The more likely outcome will be the current price dropping to the N.A.V. plus the remaining dividends.
JR I wish this fund could have continued to pay long after I retire. I believe that new shareholders are being confused by the Quadravest web site. The initial offering was to pay shareholders the greater of the N.A.V. or $15.00. This was canceled about 10 years ago, since then CGQ.e has been riding on its mandatory dividend now yielding >17½%. If CGQ.e was really going to pay $15.00 this Dec/2013 then investors would have driven the share price much higher then its current trading range of $6.00 - $6.50.
 | | Capital Gains Income STREAMS: | | | | CURRENT INVESTMENT OBJECTIVES | | | | The Corporation's investment objectives are: | | | | Equity Dividend Shares - TSX: CGQ.E | | | - Distributions: to provide holders with a stable stream of monthly capital gains dividends of $0.0875 per share ($1.05 per annum) to yield 7.00% (pre-tax equivalent approximately 10.03%) on the initial issue price of $15.00 per share; and
- Capital Repayment: to pay holders at termination, (on or about November 30, 2013) the initial issue price of $15.00 per share.
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The managed portfolio (CGQ.e) (the managed portion of the assets of CG STREAMS not subject to the Capital Yield share repayment forward contract) is invested primarily in a diversified portfolio of companies included in the S&P 500 and the S&P/TSX 60. To provide additional returns above the dividend and interest income earned on the managed portfolio, a covered call writing program generates option premium income on stocks held in the portfolio.