I bought their ipo, 500 shares. Since then, this stock has done nothing, but go down. It pays a nice dividend, but there is never any information posted about the stock. Anyone have any information pertaining to this stock?
Suggest that you visit etfconnect.com and the morningstar discussion boards. Both are good sources of information. Also listen to their last conference call, if it's still up, or get a summary from some of the posters at morningstar.
Bottom line seems to be lots of tax loss selling, probably from people who don't understand IPOs from closed end funds, as well as people scared of anything related to real estate. Most of the REITs are getting pasted right now. It's probably a good opportunity if you're a longer term investor and can stand some near term volatility.
i talked to someone at the fund last week regarding the dividend. i was told that the dividend is more than covered by the fund's income, not including any capital gains. and that the fund has not used any leverage. i then bought the stock in a tax deferred account.
cant help you much, other than some info. might be found on advdx msg. board concerning awp. im considering adding this fund, just waiting to see when it bottoms out. its looking very atractive at this time. alot of insider buying of awp got my attension. i believe awp will be a big gainer when the market turns around, and with elections coming up in 2008, i believe the market will turn soon.dont let the market chase you out of this fine fund, you will be rewarded.