Just reviewed the latest annual report. It shows net increase in assets resulting from Operations of almost $149 million. It also shows total distributions to shareholders of $297 million. Hmmmmm whats wrong with this picture?? How long can they keep it up?
It also shows $537 million in US T-Bills - whats up with that??
In terms of the net inflow, yes, some people are drawn a 7 cent monthly payout, like bugs to a light. In terms of 20 percent cash position, probably not, more likely Mario is putting the money to work as he finds opportunity and don't forget he put more than half a billion dollars into new stock positions already.