The current market cap of win is $508 million.
7.9% distribution (amortized monthly) discount from NAV of almost 12% (average 10-year discount +2.2%).
TOP HOLDINGS AS OF 3-31-15
Wells Fargo Advantage Cash Investment Money Market Fund 9499999G3 N/A $8,869,679.30
ENTERGY LOUISIANA LLC PREFERRED STOCK 29364W603 N/A $6,440,200.23
American Electric Power Company, Incorporated 025537101 AEP $5,629,000.00
NextEra Energy, Incorporated 65339F101 NEE $5,117,000.00
The Williams Companies, Incorporated 969457100 WMB $5,110,000.00
T.e.r.n.a Ord Eur0.22 B01BN5908 TRN $4,766,622.22
Great Plains Energy Incorporated 391164100 GXP $4,562,250.00
Edison International Common 281020107 EIX $4,560,750.00
Deutsche Post AG Npv Regd 461785909 DPW $4,521,426.74
Eversource Energy Common Stock Usd5.0 30040W108 ES $4,432,500.00
Turk Telekomunikas Try1 B2RCGV905 TTKOM $3,365,168.36
American Water Works CO Incorporated 030420103 AWK $2,643,500.00
Spectra Energy Corp 847560109 SE $2,637,750.00
Duke Energy Corp Common Stock Usd.001 26441C204 DUK $2,310,825.22
Sempra Energy 816851109 SRE $2,138,653.00
Public Service Enterprise 744573106 PEG $2,131,500.00
Veolia Environnement Eur5.00 403187909 VIE $2,085,744.28
Verizon Communications Incorporated 92343V104 VZ $2,041,427.04
PNM Resources, Incorporated 69349H107 PNM $1,994,250.00
Indianapolis Power & Light Co., 455434878 AES $1,931,876.00
Entergy Arkansas Incorporated Preferred Stock 12/52 29364D761 ETR $1,687,760.00
ENTERGY ARKANSAS INC PREFERRED STOCK 06/63 4.75 29364D753 ETR $1,550,900.00
Endesa S.a. Eur1.2 527178909 ELE $1,495,884.67
IDACORP, Incorporated 451107106 IDA $1,486,750.00
Suez Environnement Eur4 B3B8D0900 SEV $1,446,461.17
Shenandoah Telecommun CO 82312B106 SHEN $1,414,350.00
COMED FINANCING III LIMITD GUARA 03/33 6.35 20035AAA2 N/A $1,391,892.84
EQT Corporation 26884L109 EQT $1,276,050.00
Veresen Incorporated Common Stock Npv 92340R957 VSN $1,119,934.06
Nextera Energy Capital 65339K803 NEE $1,047,640.00
with a discount of about 4% from net asset value while money market funds are paying .35%, 5 year CDs 1.5%, 10 year t-notes 2.3%, 30 year t-bonds 3.10%. The fund holds high quality stocks that will most likely produce higher dividends in the future.
(amortized monthly) a year with a discount of over 10% from net asset value while money market funds are paying .35%, 5 year CDs 1.5%, 10 year t-notes 2.37%, 30 year t-bonds 3.%. And there is the prospect of higher dividends in the future.
We are getting a dividend of 6% ( amortized monthly) a year with a discount of about 4% from net asset value while money market funds are paying .35%, 5 year CDs 1.5%, 10 year t-notes 2.3%, 30 year t-bonds 3.08%. And there is the prospect of higher dividends in the future.
owned by the fund appears to make this quite undervalued with an 8%+ dividend paid out monthly.
The funds within the PCEF portfolio appear to have a further 10% (or +) discount from net asset value.
==Record quarterly revenues of $263.8 million vs. prior year of $182.1 million - up 45%!
== Record quarterly earnings per share of $1.64 vs. prior year of $0.97 - up 69%!
== Record quarterly adjusted EBITDA of $72.0 million vs. prior year of $47.6 million - up 51%!
==Record quarterly railcar shipments of 2,668 vs. prior year of 1,610 - up 66%!
+ARI's backlog as of March 31, 2015 was 10,471 railcars with an estimated value of $1.1 billion!
When does a stock drop so much after they beat earning estimates by 8 cents and missed revenue estimates by 0.6%.
The average money market rates are .34%. The 5-year CD is 1.47%. The 30 year bond is 3%. AND CNP IS PAYING 4.7% WITH THE PROSPECT OF RAISING DIVIDENDS IN THE FUTURE.
$1,00 to 1.10. This is another market overreaction. The dividend is now 4.7 percent.