Good luck to you and all others holding. I've been in GABUX for quite a long time and not too encouraging to see the steady decline in the utility sector. As it kept declining in price, I switched from reinvest to taking cash. Even though I had to sell at a loss, I have the carry forward banked and feel a lot better having used the proceeds to buy more ARR. Especially with the current aimless policies going forward, REITs should outperform.
Oh yes, forgot to comment on KMM. I'm also an owner and although not a big dividend generator, it as performed well over time, usually in the $10 - $11 price range, seemingly able to weather all storms. I hope to be using some of my ARR dividends to later add to my KMM position. Best of luck.
I hold GABUX in my IRA so taxes aren't a big deal. I'm still up on total return "Unrealized losses" with GABUX.. My worry is the dividend will get cut and the money I use from that to reinvest into other things will get cut along with some of my income..
Like I said, " if Obama is good for utilities we would be seeing an upward trend in utilities. Not a falling knife like we have seen since the elections.
I do think we will get a bounce if there is any good news on the fiscal cliff. At tat point I will sell some if not all my GABUX.. But, it may come too late for GABUX and too little if it keeps on falling.. I may have to take a pretty good hit or risk GABUX cutting the div and loosing more NAV.. AHHHHH!!!! driving me nuts!!!!