It's not a good investment unless you get in when it's way below NAV, I've learned that hard way there. If you do that and hold for years eventualy you'll get your money back in Dividends, 5 years and after that it's gravey but you have to do the up and downs and brave it out.
Like I posted last week I'm not a Math wizard but if you owned both CLM and CFP prior to the merger all you really need to do is add up everything you paid for each incl. broker fees and divide by the number of shares you have now and you have your total cost per share you have now and from there it's simple to find out what Dividend % is, also if you are able to hold onto it for five years you've got your investment money back in Divies and less some small loss in principal because of Right Offerings your going to be pretty satisfied with the outcome!!!! I'm sure I'll get some criticism but a couple thousand a month really helps us middle incomers.