dude, thats only because the market has been in a BULL run...as soon as the market turns down they both lose $...the new fund will hopes to return capitol in all markets...then add in the share re-purchase's and 7% income we will do fine...im adding shares at this discounted price.
Hey J O
ZF has made 52 million $'s since last sept.ZTR has made 33 million $.'s since last Sept.Less "RoC"
Thats bottom line.If thats the bad policy than let them change the distribution.However the funds are making $.Check the NAV's and compare the reports.J O
My personal experiance with the actions Dr.Zweig is proposing can only be good for these funds since they have just been about flat over the past 5 years.These actions will only enable the funds to stop giving back "R.O.C." and start being more competitive with other ETF's and CEF's.The only problem I see if they nip the distribution a bit more after the reverse split.Don't forget these funds made it through one of the worst financial crisis' in history.And this will be like a walk in the park compared to that.Stay long and strong.My friend.
Once again the managers of this
fund has stabbed the shareholders
in the back! No surprise there
Expect the shares be 1 for 4
which will put it around 12-14 a
share,then as always in reverse
splits it will drift back to the
low single digits,further eroding
The new 7% "dividend" is also
a large reduction in your income.
Beware of anything bearing the
name of Zweig in the future.