Who needs $50? I bought in the $35 and change level and its up strongly from there with yield north of 10.6%! Whoa. My regret is that I did not do more than the 1000 shares I did buy. If it dips again, I will certainly do so.
Anyone know the tax treatment? If a bunch of it gets classified as return of capital ( which it probably should due to the terminal date of the trust ) then most of the dividend is not taxable either.
Tax treatment is a bit strange. It is repayment of principal plus interest. Like you wrote a mortgage to the trust. But yes, the repayment of principal part does mean tax deferral (not 'not taxable', as you stated).