Why are expenses so high!? Page 8 of annual report!
I am looking at the 2007 annual report. It shows total investment income of 150 million. It then shows management fees and expenses at 38.7 million. That is over 1/4 of our dividend!!!! Its on page 8. Can someone explain this to me. I am not a happy camper. Could this mean their "listed" management fees and expenses are smoke and mirrors? Are we getting bent over?