One would wish. However, when they talk to us, they also talk to their competitors. We're better off when they don't.
My guess is this portfolio is positioned to avoid default, given the Fan and Fred positions backstopped by Treasury. Time will tell, but I'm guessing we are fine for now, with a potential drop of monthly dividend from .115 to .110 based on the minor redemption of ARPS........Dave
The NAV as shown on the site referred to is the same as posted by the fund ($8.12).---I could not find any indication that the NAV was expected to rise.--I am not saying it will not rise but I can't find any statement of encouragement.--Please advise. Thanx.