Trying to understand why this fund would be selling at 26% discount (Nav 4.10) I know the dividend is likely to be cut or eliminated,but in any kind of rebound I would think their holdings would represent real value. Plus they appear to be into health care in a big way.
I've been buying small amounts recently, my holding is less than $1000. I read on their website that the distributions are greater than earnings now, so part of the dividend is a return of capital. I didn't see how much of the dividend was from current earnings.
I think it is a good strategy to watch the NAV over the coming months to make sure the ratio holds. I own a folioinvesting account and don't pay commissions so it makes sense for me to accumulate in small amounts.
The potential that the real earned yield might be above 20% would make this worthwhile but if it appears they are just giving back capital, then we're all wasting our time here.