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LMP Real Estate Income Fund Inc. Message Board

  • retiredbeancounter retiredbeancounter Jun 12, 2013 5:52 PM Flag

    Down $3.36 since announcement or 22.55%

    Stock closed at $14.90 the day before distribution announcement. Now $11.54. With dividend at $.72 per year, it will take over 4 and 1/2 years, to break even. Apparently the Board is content with the investment manager and the excessive fees in relationship to the dividend income. Time for a change in the Board and the investment manager.

 
RIT
11.89+0.04(+0.34%)Jul 2 4:02 PMEDT