one of the problems I see in retaining earnings and not paying them out besides the 4% lug they pay to IRS is that the amount per share is diluted as they sell more stock on the ATM leaving less to distribute per share IT is looking less likely to me that they will distribute any extra this year but retain it all less current distributions. Can someone explain to me how a BCD if they distribute all of their income that they ever grow in NAV unless they own some real estate or stock (until they sell it) ?? So basically on any BCD you are in for the dividend and any future increases in that dividend. Is that an overs implication??