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Alpine Global Premier Propertie Message Board

  • noquit4me noquit4me Dec 21, 2010 9:21 AM Flag

    Yes on Bonus

    paying .305 bonus on 1/28 ex is 12/29 -- great news?

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    • Yes ... have been long AWP with an entry price average of $6.10 ...hold approx 2,600 shares after dividend reinvestments ...

      Started looking at the fund last Decemember after the special dividend announcement....and frankly thought to buy the fund to at least capture the Dec special dividend ...

      Subsequently ....have reviewed the detailed info / holdings and strategy of the fund ....and formed an opinion that the foreign real estate holdings had been strongly devalued in the 2008-2009 market melt-down management sharply reduced the dividend as they were unsure of the real estate market ...they later raised the dividend by 10% as the situation stabilized .... so I decided to hang on ...get paid monthly at a reasonable rate and hope that a subsequent special dividend would be announced in December ....( proved out )
      The negatve UNII mentioned by other posters is troubling ....and when the next report is published ...with updated data ...may have to reduce or just liquidate ...but that remains to be seen.

      The fund is trading at a serious discount to NAV ...except that real estate is notoriously difficult to appraise perhaps that is warranted ...and the comparatively "thin" trading volume makes this fund prone to price swings more than others ....

      Overall ... am long the shares with a nice total return ....but have some concerns ....will let this play out while collecting the dividend stream..." get paid while you wait " and be ready to liquidate should the UNII concerns prove out.

    • May I have the specific link?



    • i have followed "dan" since he started writing on cef's...he has been "right" about 50% of the time...but i do like his posts as they provoke thoughts!

    • Hey SpecSit....what do you think of that article that was written by Dan Plettner that was posted?

    • So, do you have a position in AWP now?


      I am long AWP.

    • i think the reason that the special distribution did not raise the shareprice much is only 10% or so is going to be is paid in shares

    • that the special dividend announcement hasn't increased the stock price more than it has. I know that this is a lightly-traded stock, but I would have thought there would be more activity.

5.60-0.01(-0.18%)Sep 28 4:02 PMEDT