Not to wish away the rest of the year, but my thoughts are if the divvy stays under 5% and discount over 15% that = a nice end of year divvy for all. These guys hate raising and lower it month to month a penny or so. Look at the history and they are notorious for the Christmas presents in December.
boh...I first bought NRO on 9 Aug 07. Needless to say, I took a lashing in 09 when all investments collapsed. I refused to sell At that time I had 3000 shares and decided to buy 2000 more when the share price hovered around 1.50 a share. I did the same thing with another REIT, RIF, also ending up with 5000 shares. At that time the symbol was RMR. I just could not believe that the real estate sector would remain in the cellar. It's just too big a part of the stock market to ignore. I'm willing to speculate with these 2 CEFs. These 2 are part of 20 CEFs that I hold. All the others are proven, safe, investments, and, profitable. As for year end divvies, I'm wondering the same. Who knows? Good luck to you.
Dafe, I made my initial purchase shortly after you cost averaged down. When the yield was 12%"good old days". Out of your other CEF's how many monthly divvy's are there? Always looking for advise if you don't mind sharing your favorites. Smiles in December.