Once again this is only a low ball estimate f/y. The diferential bewteen the NAV at the start of the year and today is a far better gage of the upside potential for this year's cap gain dist. for holders of record December 11 and it may be larger than that. Keep in mind a lot of institutions are eyeing next year's potential taxes on dividens and are making much larger ex dividends before year's end. Look at what Edelson did; he took a $1.2 Billion special dividend just to take advantage of the 15% tax on dividends.