No matter what happens to share price over the next few months, you are buying into a 12% APY dividend. Actually more because the next dividend (1st qtr) will be paid two months from now not three (Paid sometime in late May). There is no toxic debt at all in this company and the interest spread is well over 4%.
Whenever a financial market recovery does happen, there will certainly be a significant capital gain in the share price of TAXI. In the meantime you get 12% return on your money.
The honest book value of this company is $10 per share. There is no over valuation of assets and all but a small percentage of assets are valued near liquidation value.
There is no reason to believe that TAXI will be unable or unwilling to continue the $.19 per qtr dividend. They historically pay over 85% of earnings out as a dividend. They are an RIC which means no (or almost no) double taxation.
I hate the concept of taxi drivers being enslaved with ridiculously expensive medallions but I can't argue with the success of this company. They have carved out a very profitable niche by accepting medallions as collateral.