On February 20, 2015, the board of directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $1.50 per depositary unit. The quarterly distribution is payable in either cash or additional depositary units, at the election of each depositary unit holder and will be paid on or about April 22, 2015 to depositary unit holders of record at the close of business on March 9, 2015.
"NLY Returning over 11% year, this is great compared to bank interest at 1%"
You forgot to figure in how much the stock price dropped. Total returns have been terrible.
The Non-Binding shareholder proposal is to request the BOD to authorize the Fund to conduct a self-tender at, or close to NAV. The board opposes this proposal, but it seems like a reasonable request to me. What do you think?