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Zweig Total Return Fund, Inc. ( Message Board

  • mullalarmbereitschaft mullalarmbereitschaft Dec 29, 2011 1:06 PM Flag

    Here's the ZTR deal in a nutshell

    Here's a good aspect...

    Lets say you buy/bought at 3.30, 10 months ago.
    you now have 30c in divs that are 90% not taxable, a non event. tax-wise.

    the stock now 3.00

    so, IF you want, you have a 10%, 30c short term loss to offset gains and save as much as 35 percent and it didn't cost you anything.

    of course, since mgt keeps paying more than they're making, they'll vanish/NAV-out without a secondary or rights deal every so often.

    what they wont do is what's in OUR interest and go open ended.

    every year, after trading at 10 percent disct or more for 3 the last 3 months, they have to have a shareholder vote on going 'open-ended' which would give shareholders the right to cash out with an instant 50c gain.

    that would probably result in a loss of 50 percent of funds under mgt and Their Fees, so mgt is always against it.

    unlike almost all other stocks, we have different interests than mgt.

    vote to go open-ended when they give you the chance in a few months.
    mgt will advise against for NO good reason save THEIR income.

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