greenb...I decided 9 years ago to invest only in CEFs. I now have 18 and finally am able to stay ahead of the game in dividends and capital gains. For years I would grab capital gains whenever I could clear 5000 more than I paid for it. That is now getting harder to accomplish and have settled on 3000. The dividends are doing fine. You may want to take the gains before they vanish. Also, I never took gains unless I had losses to offset the taxes due by taking capital gains. I do my own taxes and keep running totals of gains and losses that can be carried forward year to year.I pay enough taxes as is. Just something to think about. Good luck to you.
You think above CEFs message boards are weird? Look at DMO. That is not Russian, that is Yiddish. I know Yiddish when I see it. I studied that in school. I cannot help but wonder why Yahoo allows stuff like that to happen and then ignores it.
rjw...Legg Mason announced it in the headline listing at the bottom of the summary. There LM lists all the latest dividends to be paid for all their different funds. If you are a share holder for DMO, congratulation, you just got a pay raise. Good luck to you.
mike...I assume you are a shareholder of DMO. I bought 2332 shares on 18 Feb 15. At that time DMO was paying .16. Three days later it began paying .18. Now it is paying .21. My original payout would have been 372+, then it went to 419+. Now it will be 489+. You cannot beat that with a wet stick. A lot of people are passing up a good investment. Good luck to you.
hj...I received 3 white ballots on 3 different dates. The last white ballot had a different address for return address. That got me to wonder if maybe all 3 ballots will be counted. I do not have a complaint with PCI being operated in it's present method. What I am worried about is the possibility of confusion going on in the corporate office with all this distraction going on. We will see how this turns out in a week or so.. Good luck to you
by=lo...I have tax free munis, including PMF, PML,Pmx, EIV, EIM,PZC and NEA. The monthly statement breaks the tax free from taxable CEFs. My year end statement and tax 1099 has everything listed separately. Real simple to go from 1099 to From 1040. Could not be simpler. I also do my own taxes. Can't imagine what your broker is doing to complicate the issue. I use Merrill Edge as my discount broker. Wish I could help you more. Good luck to you.
early..I have owned this CEF since 17 Sept 07 and watched it take a nose dive in 08 and 09. I never sold or lost sleep over that occurrence I knew it was not a bad investment but was just a market wide correction, beyond anyone's control. I also bought it's counter part, NCZ in 2010. I have that one in my main acct and also in my IRA. I would recommend these 2 to anyone looking for a good investment. Good luck to you.
donatt...I would not call any of those 4 funds anything more than normal risk. There is always risk in investing in the stock market. If you have only 200,000 in the market, then the only risk evident, is you put too much funds in 4 investments. I learned 26 years ago to hold investments at 5 to 7 percent of your total amount you have in the market. I own 19 CEFs and try to hold around 5 percent. I have several that I went to 7 and 1 that I have 9% of my total funds in that 1 holding.I entered the market in 1988 and try to play it conservatively. So far, I have managed to stay ahead of the game, My opinion for what it is worth. Good luck to you.