The quarterly distribution of RNP is $ .20 and it is 99.9% earned. Minimal ROC. INB for example, is 99.9% ROC. We should be looking forward to a dividend increase in this leveraged fund in 2010. Perhaps the 1st quarter? Of all the C&S closed in funds RNP seems to be the best performer.
The fact that the value of RNP ( xRNPx ) is 17+% higher than its NAV. Secondly: The stocks they own are rising because these stocks are earning more dollars and as REITS must distribute 90% to shareholders of which RNP is one of these share holders. Thirdly: Leveraged debt is not what it was in 2008 or 2009. Add this up. A rise in dividends is in our future.