board frequently because I hold several Alliance closed end funds including AMF, SI, GSF, AMU. With the exception of AMU which has done well for me, the others have not been much fun. IMO John D. Carifa and Wayne D. Lyski have not done well for us and it is a mystery why a change wasn't made long ago.
You might look at FAX which is down from its high, sells at a discount, and has a good yield. GSF has a good yield and sells at a discount but could be looking at a dividend cut from .90 to .80 since it appears that is what they are earning. I may be wrong on the earnings because GSF has 0 coupon bonds in its portfolio and nobody at customer service can tell me how interest income from the 0 coupons ever shows up in the income from investments line on the income statement.
It would be nice if other closed end fund investors would use this board again.
New to ACM, (Bought in at 8 1/2 in late August). +10% yeild is what caught my attention. This is my first CE Fund.
Why the big drop yesterday (down 5/16?)? What moves this stock. I would assume it is sensistive to interest rates. Anything else move this stock? I'm down 3/4 so far and don't really know what to blame it on.