Yeah, the good old days. I don't think we'll ever see 18 again. Someone has mismanaged this fund to get to this point. The payouts early were in excess of earnings and the leverage and forced liquidations have put it in a spot where it can't recover lost value.
Recovered? It is paying out almost 8% in dividend and has been consistent in doing so. I will trade price appreciation for dividend. If the financials weaken, then I might worry.. Till then, I just ring the dividend register..