RE:RE:RE:RE:Markets bouncing backsaddlerack wrote: It seems pretty clear to me that DFN is managed a whole lot better than DF. They use leverage and covered calls to enhance yield and DFN seems to get it right and DF doesn't. History may be for losers but it sure shows which of these 2 funds is the loser. I don't love DFN but I do like the reliable juicy dividend each month.
Same management for both, DFN was the first split fund, and did so well that much later on they created DF ll, with the same holdings but DF didnt get all the offerings done at big premium to NAV.. which is kind of like a ponzi setup. Even now Quadravest can sell shares of DFN out of the treasury (thru the ATM program) ,when its a signifcant premium, something that DF never sees.
So go ahead and buy DFN at a premium and then watch it continue the pattern down...especially once they are forced to hike the yield on the preferreds this fall, to get in line with the likes of FTN, FFN, BK and LFE...
Dont say i didnt warn ya...