Management is doing a FAR BETTER job of beating DOWN ARR on their own with EVERY SPO's each time ARR gets OVER $7.00 per share.
ALL the EXTRA "funds under management" is ONLY FATTENING ARR Management FEES, INCREASING Leverage and DIVIDEND CUTS.
ARR dividend has been CUT from $0.40 a quarter to $0.07 a month....almost in HALF!
BUT WAIT, after the NEXT CUT(be SURE there will be ANOTHER CUT) the dividend will be LESS than half of the $0.40 a quarter.
ONLY one making any money on ARR is Management and the Underwriters of the SPO's.