NAV June 8~$14.64. Closing premium on capital shares: ~$0.55.
Ten trading days left for the fund to rise by ~3.14% in order to reach the $15.10 target required for a resumption of distributions. The energy sector is not helping out as expected after Saudi Arabia's decesion to cut production. Progress in U.S./Iran negotiations has potentially substantial negative implications for the price of oil.
I simply cannot understand why anyone would be so enamoured with this stock. The yield is totally uninspiring even if payments are achievable 50% of the time, which is debatable, and any capital gains are adversely impacted by guaranteed payments to preferreds and ongoing management fees. Gains are also further limited because of the inflated premium.