Okay, so I have been very positive on Alpine CEFs in the past. However I really have to stop and ask, how can they go on? Something has to give. They have depleted the share value in unreal ways. As they are rotating their assests for dividends they are constantly losing the ability to buy more in the future. A lot of compoanies are paying some pretty huge dividend yeilds at today's stock prices, but how log can it go on? Maybe I am missing it, but it is looking pretty bad from here.
If I were a new investor I would maybe jump in hard and fast to try to pick up a dividend or two, but maybe not until this downward spiral stops. (if it stops). Does anyone have any idea how they can go on with their plan?