Idiotic dumping by total morons now today to the 5.20's. Amazing that they can dump it so low with it suddenly at a 12% discount to NAV. Obviously holdings are down today but IGR will still be at a 12% discount to NAV overall with a beautiful 10% dividend these levels.
Bought more at 5.26 and 5.31. Panic merchants are morons.
fx: with all the cuts in REIT dividends this year, I just wonder how secure that 10% dividend really is. IGR is keeping it there, but I'm not sure how given all the cuts. I wonder if the return of capital is understated. In any case, the drop from a 6% premium to a 12% discount to NAV is striking, but probably more in tune with the historically prevalant level. In any case, it's dangerous to "reach for yield." Good luck.