this fund just does not have any legs to run ,imo, been waiting 2 years now- 1 step forward and then 3 steps backwards--what has the meger done , after all the bs, for the shareholder's price, anybody see a light at the end of the tunnel, all feedback & insight appreciated, glta
I'm a fan of this deep discounted no-load fund. UTF's stock price was up 69% last year, and is in a sector (infrastructure, utilities and real estate) which should do as well as any this year. A 6+% yield, a 14% discount and the potential for a dividend hike this year makes me a buyer at this price. Before the 2008 debacle, UTF demonstrated consistent dividend hikes. No reason to think another hike isn't in the cards.
We just went through an economic setpack as well as everyone else. Get over it, be patient during recovery. The company will make necesary adjustments and return to higher levels and dividends. Please quit complaining and whining.
there is some truth to what you say....... however the c&s funds were butchered and battered harder than most cef's. For a UTILITY fund to get hit this hard was crazy... could have just held con ed for example and been way better off than holding utf. Also the divys were smashed much harder than most cef's.