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BLACKROCK INTERNATIONAL, LTD. B Message Board

  • maaveriks maaveriks Feb 2, 2010 1:56 PM Flag

    Good news...bad news

    First the bad news. I do think there is a very good chance of a dividend cut which should be announced around early March. Every other buy/write family of funds has cut including Eaton Vance, IQ Investment Advisors and ING so it should not be a surprise if Blackrock cuts for its buy/write funds as well, and not just BGY.

    Now the good news. At this rate, there seems to be anticipation of this happening so I believe we may actually see a rally in BGY if its still at a discount on the declaration date. I bought for the first time today and I will actually feel better about the sustainability of the fund if they do cut. JMHO.

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