Post by
AnEducator on May 31, 2023 10:51am
NAV
Currently hovering around $14.41. Premium is now a bloated $0.74. I simply cannot understand the logic of people willing to pay so much excess premiums on a fund that is getting close to 5% underwater.
The dividends are clearly unsustainable since the fund does not even collect enough to pay preferred shareholders, let alone the management fees and capital shareholders. Any payments are a return of capital which further erodes the NAV.
Sure, there may be some random payments in the future, but how does that justify overpaying by so much for such a fund?
Comment by
ehud42 on May 31, 2023 1:51pm
Is this how these fade into the sunset? How do these funds wind down?
Comment by
EdPaquette on May 31, 2023 1:57pm
Not dead yet. There can be a consolidation or it can linger in intensive care like osp.
Comment by
flamingogold on May 31, 2023 3:45pm
Recession fears, inflation, rising rates, declining oil prices, debt ceiling crunch, Ukraine war all do not help a diversified portfolio like DGS. Any reversal in one of those will be a positive.