Problem is that option income, investment income and capital gains cash flow have not covered the monthly payout for most of the quarters for the last five years. They get the cash to pay dividends by issuing new shares. That eventually catches up with the fund management and results in dividend reductions.
Dividend has been reduced to .09. That is .14 to .12 to .09. One can get more reliable monthly checks from several other closed end funds. I still don't like the way GGN sells new shares to raise cash.