Management recently had a CC with the servicers and they were told that AWP is "at risk" as far as the dividend. I wish management would communicate with us. What is at risk? How much of a cut? Lets have some communication.
I'm not currently an ownwer of AWP, but I am watching it as a potential buy at it's bottom. I do own AOD (slaughtered lately) and have most of my money in ADVDX. Anyway, I track the declared divis and post weekly updates on the ADVDX message board. Last week, almost all of the companies cutting or ending divis were REITs or related. However, MANY more were continuing thier CURRENT divis. So, the good news is that a divi is still comming, the bad news is that if you bought AWP at much higher levels, a reduced divi hurts.
No link. Just e mailed the co and got a call back and was told that they had a cc with mgmt that morning at which time they were told the AWP div was at risk. I do recall that this fund was not billed as a true income fund so they will have an easier time cutting the div than the other two. 15% on current NAV is a .56 div. Assuming the holdings are grossly undervalued maybe a 50% cut to 76. Any thoughts? this is about 20% on NAV and I believe is the best case.