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AllianzGI NFJ Dividend, Interes Message Board

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  • tchoupitoulas_st tchoupitoulas_st Sep 8, 2009 4:52 PM Flag

    Next distribution??

    The discount to NAV and trading strategy of this fund caught my eye. However, looking at the cash flow statement, the income for this fund went from $344k in FY2007 to $34k in FY2008 to $-731k in FY2009. It looks like the fund pulled out $919,078 last year of retained earnings to pay dividends. It makes no sense for me to buy a fund that will give me a dividend by returning some of the money I gave them. The value of the fund should shrink proportionally, and eventually hit 0. Am I missing something? I guess I smell a rat, but I would like to hear from others. Until then

    - "on the sidelines"

 
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