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Hudson City Bancorp, Inc. Message Board

lowriskincome 2 posts  |  Last Activity: Nov 20, 2014 9:23 AM Member since: Feb 18, 2008
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  • Reply to

    GGN dividend notice

    by mlecka Nov 16, 2014 11:08 PM
    lowriskincome lowriskincome Nov 20, 2014 9:23 AM Flag

    I own quite a few shares of GGN. If the div is cut or tax-loss selling takes the price lower, I plan to purchase more shares to average down. IMHO the way to play CEFs (that you still want to own) is to average down when they "go on sale" to keep your % distribution/average price at a good level. GGN is down big now because energy/precious metals sectors are down big at the same time.

  • Reply to

    GGN dividend notice

    by mlecka Nov 16, 2014 11:08 PM
    lowriskincome lowriskincome Nov 17, 2014 12:00 PM Flag

    Called fund GGN this morning (11-17-14). Expect a news release later this week about the jan/feb/march distributions amt. on GGN.

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