RE:RE:RE:RE:RE:Mid-month numbers should be out in next couple days Yes, you mostly have that right.... DFN been paying for years , and it is by doing offerings near the highs , and at a premium so that it supports the NAV , even raising it, like this last offering. As long as there is a bull market the NAV should rise.
All bets are off in a correction, or worse yet , a cleansing crash....
alkhor wrote: Problem is, every Quadravest fund tend to migrate to the area of $15, meaning Class A shares go towards a NAV of $5. Quadravest makes money as long as investors keep buying the new offerings, so if the fund goes well below $15 and no sign of being able to recover, they do a consolidation and start over.
The class A shares are for playing with but do not invest in them if you are looking at long term stable income. The preferred shares are for that.