I've come to the conclusion that given the state of worldwide mkts this fund's div capture strategy is going to fall short after the Dec payment. I think we all have to be prepared for a dramatic cut in the dividend and a long wait for global mkts to recover in order to see the NAV improve.
the problem with this fund is the dividend strategy. The company they bet on is trading at 1.00 per share. cannot keep going. cut the dividend and HOPE for some recovery in several years. 2-3 per share.