Would appreciate some input as to what do with RNP. I've got a few thousand shares at $5 cost. The stock went up above $8 and has been sucking wind ever since. I realize commercial real estate is not doing well, but it's only going to get worse for a year or two. So does that mean we're at a high right now??? The dividend has been reduced since the first quarter. It will likely be reduced again given the state of the CRE market.
Good points all. Thanks for the input. Decided to stay with the shares and only bail out if they go down to my $5 cost and/or dividends get cut drastically. I'm a "long termer" so I'll ride the dividends and hold on as long as possible.
I doubled down a few months ago and after 31 days I sold my high cost shares. I just trimmed the shares I had kept a little bit. I am afraid about inflation taking a bite out of the fixed income component of the fund.
I pruned two of my positions yesterday - this one and GLAD. Unlike you I lost a lot on RNP. Basically I lost all faith in their ability to recover to my purchase price. I think this has peaked for the time being.