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Cohen & Steers Quality Income R Message Board

  • blair.wagner Dec 12, 2008 8:08 AM Flag

    Discount to nav 26%

    Trying to understand why this fund
    would be selling at 26% discount
    (Nav 4.10) I know the dividend is
    likely to be cut or eliminated,but
    in any kind of rebound I would think their holdings would represent real value. Plus they appear to be into health care in a
    big way.

    Trying to decide to make the

    Any input or comments would be


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    • I've been buying small amounts recently, my holding is less than $1000. I read on their website that the distributions are greater than earnings now, so part of the dividend is a return of capital. I didn't see how much of the dividend was from current earnings.

      I think it is a good strategy to watch the NAV over the coming months to make sure the ratio holds. I own a folioinvesting account and don't pay commissions so it makes sense for me to accumulate in small amounts.

      The potential that the real earned yield might be above 20% would make this worthwhile but if it appears they are just giving back capital, then we're all wasting our time here.

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