....EZ, thanks for info. Yes, I have read the sec filing and it appears there is unhappiness in the ranks. Can some one expand on why, other than past performance of the fund or over paid as an outside entity!
.....In early 2007 a shareholder(can't remember name) created a lot of disturbance with the Management of NRI,NRO. In April, I believe that investor got the attention of said management and Lehman Brothers, resulting in an increase in monthly distributions. The investor(shareholder) wondered why the two funds could not operate under one umbrella. In the recent press release it was decided that NRI should be merged with NRO creating one fund with a larger asset base. In February this merger is supposed to be completed. ......Will wait and see before adding more(700 now), have 5 times that in RNP and feel comfortable with adding more to that, considering the current market price of RNP! .....This should be a positive but will have to see whether an increase in distributions occurs, and how it reflects in the overall performance of the fund!
both are beat to death. Because of the preferred part of rnp (anywhere from 40-60%) rnp is a bit safer and rnp is selling at a bigger dicount to nav then nro. I currently own both. NRO could be a home run and rnp a double ( base ball terms, not a double in price) from current prices.
I have NRO and plan on buying more on Monday. I think with the merger of NRI, NRO becomes and even better investment. Did a little d.d. on their investments and it looks like they can weather the storm and continue to pay. Maybe when this merger completes they throw us a .01 because of the savings, just some Happy thoughts. RNP I have it on my watch list would like higher Yield. I also have CVP on my watch list looking for it to bottom soon. Good hunting on these bargins.