Sounds like AWP will rally after the equity market does. So there should be plenty of time to get some more of this fund. Hopefully it gets a little cheaper in January to load up on. He did say that next summer will be when the divi is looked at again, even though he later said he didn't want to cut again, that why the cut was so big.
i agree with that strategy considering the way real estate has been hammered!...cut the divy to the worse case you can imagine for 09 and into 2010 if needed in a one time move rather than just bleed the fund and divy quarter by quarter....at least at .36 cents a year you are much safer buying this at 3.60 for a 10% return with a very good chance that divy will rise from this level...not fall for me i started buying a bit at the 10 dollar level but then quadrupled my holdings at 3.30...so while not quite returning 10% from here ...its close to 8.5% with great cap appreciation potential in the next 5 years