High quality funds do not sell at nearly 20% discounts. This fund, RNP, UTF, and perhaps other Cohen & Steers CEF funds are severely troubled to carry this type of large discount. It means that C&S management is NOT adding value, or even earning their high fee. C&S had better get it's act together and focus on running these CEFs (i.e. adding value) or open the funds and get outta the business. C&S has moved into the asset gathering/retirement investing business big time, but I almost guarantee that any institutional fund that looks at RQI's track record will just walk away from C&S. I think the abysmal performance of C&S CEFs is going to adversely impact the rest of the C&S business base.
Well Ben Stein is usually completely wrong on everything...everything he pumps goes down, he's a nut job..
He pumped that EFA etf and it just tanked. Ben Stein is a joke...but a great contrary indicator
Stein is an actor and comedian. I also think he does informercials. He doesn't have all the sound effects Cramer uses, but otherwise he can provide comparable entertainment. IMO when you see the "popular press" start to pump a stock, get cautious. I do not think RQI has a GREAT DIVIDEND, it's OK, but it's not great. You can get comparable or better dividends buying any of several REITs. I'd think RQI with it's leverage would do better than it does. RQI is selling at a big discount to it's NAV, I think the not-great divy is one major reason.