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American Capital Agency Corp. Message Board

  • tomg86402 tomg86402 Nov 1, 2012 2:45 PM Flag

    kinda off topic, MORL 24% yeild

    I have been trying to do my DD on the new ETN :MORL. It appears that it will pay no dividends. You will collect any gains as long term capital gain when you sell or at maturity. So, unless I missed something, those looking for monthly or quarterly income will not get it. Did I miss something?

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    • If I don't understand it, I don't buy it.

    • Hey Tom,

      """It appears that it will pay no dividends. You will collect any gains as long term capital gain when you sell or at maturity. So, unless I missed something, those looking for monthly or quarterly income will not get it. Did I miss something?"""

      No one wants to help you out...maybe they are afraid or just don't know the answer...not very friendly, huh?....;-)

      I think you definitely did miss something, and with me exposing myself, I have a great audience waiting in the wings with bated breath hoping beyond hope that I will make a misstatement so they can crawl up my frame. So you should now get lots of comments, if I misstep.

      Look at BDCL, same deal. ETNs are bonds , the funds they track are typically ETFs which give you an equity stake. Know the difference. Yes , just like BDCL, MORL will pay dividends. It tracks MORT.

      How come I can hear rocks moving...;-)

      Good luck,

      DocReits

 
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