.....Most every one is dispondent over the dividend reduction, but seems to be the norm with a lot securities lately including EV and BlackRock. The current yield is 10.9% which is okay but a lot of investors bought at higher prices. The current discount to NAV is around 7% so taking every thing into consideration I guess we are okay but not happy!
EV Funds are now paying monthly, perhaps we should advise WF to do the same! EOD was around $10.40 last year so with Europe showing signs of an economic recovery maybe we will see EOD in the "Geen" again.