Thanks for the tip.
I just looked at Alpine's closed funds. AOD AGD and AWP.
Non-leveraged funds (but they could if wanted). Buy back on shares. Hugely diversified. Solid Holdings at a glance.
My profile is 3 years out of date and soon to be 4.
Still, I have some investing time on my side, that when I do hit 65 will have accumulated enough for me to enjoy retirement and daily golf.
With these markets any stock or fund recommendation is like saying it's safe to swim in shark infested waters.
That said, I think NRO is a good place to place a bet on economic recovery and that at this time many commercial properties and reits have been highly undervalued.
I am starting to think my faith in the idea they would set a level payout and try to stick to it was misplaced.
I am still thinking .038 is most likely, but my confidence is lower now then the last time we talked about the idea.
I have seen nothing, and really do not expect them to post for a while. I would think, though, that monthly distribution of .038 is fairly safe through Q1 2009.
I really like that NB is back in charge of the company and fund(vs. Lehman) and think this is a great long-term hold. With the discount to NAV, dividend, and new NB focus under sole autonomy, this one is a keeper. I have been a NB investor for over 30+ years(pre-Lehman). These are good people. Let your friends know. This is a good holding. See you in 2020.
Good luck to all longs!