I like what I see in CIK but am a novice with regard to closed end funds. What are the costs of buying into this type of fund? also what is the frequency of the dividend payments? Thanks in advance to the board.
You buy it like any listed stock thru a broker or online. Div. has been same for 5 yrs. BUT, they are losing money so now div. would appear to be eating into NAV and should be considered to some extent a return of principal. Early to mid Sept. is when one firm does a "redo" or update on their exam of closed end funds. I am waiting till then to add to my position and hope div. isn't cut to more realistic level...."if ya don't earn it. ya can't pay it."