Capital Gains Income STREAMS Corporation T.CGQ.E

What Am I Missing

[panhandlephillips]

This seems too good to be true.  Please tell me I'm wrong with my analisys

 

NAV = $26.86

Yield = 17%

If I read the website correct they will disolve the fund on Nov 30 2013 and give everyone $15/share

 

So if I buy this on Monday I get to earn 17% on my money for about 2 years then, as a bonus, get to make 250% on my investment.

[spazzman]

I wish your post was correct but I am afraid the facts are more complicated. First the funds N.A.V. of $29.83 (Jan.31/12) is made up of two types of shares CGQ & CGQ.e  CGQ trades at $24.47 pays no dividend and will at termination pay the greater of N.A.V. or $25.00/share CGQ.e trades at $6.06 pays a consistent dividend .0875/share/month 17.3% yield N.A.V. of as of January 31 2012 was $5

[huff5413]

Nice post spazzman, detailed as always.  I am also planning to hold for the long term 17% monthly payments with no worries that there may be a dividend cut or cancelation means CGQ.E is worry free. If interest rates rise or inflation hits or the USdollar drops unlike my bonds this fund will keep paying. Nice to see the stock moving up except I was using my dividend to buy more each month. be

[tomtom4]

The way i see this, is we have just over 21 months to decide to hold to termination or not. A lot can happen between then an now.  I love this fund and will hold it for as long as i can. I have held this stock for many years and have averaged down when I could.  Now my yield is about 15% I only wish I had bought some when it was trading below $5.50.  I will buy more with my

[LucrumResearch]

Thanks for the clarification.