RE:RE:Trading at a discount to NAV, yield over 10%INC.un from Quadravest is another that does not have a threshhold where common shares do not get paid. Similar to DS and BK, INC.un simply lowers the distribution payout as the stock price drops. It reduces your income while you are taking a capital loss as well.
Probably a buy at these levels if you believe the correction is near done as this one also holds banks, and lifecos etc... many of which are trading at historically low P/E levels, some of them under 10.
In the past 20 years, every time these financials have dipped under 10 P/E they have been a buy if you have waited a few years. The highest these have reached is over 40 P/E when they are overbought.