Hedge funds bought own (owned?) lot of NRF. According to an article titled "Hedge Funds Love These 3 REITs." Combined, three hedge funds held over $1 billion in NRF!! Hedge funds are not interested in holding something long term. They are also well know for using a lot of leverage and when they need to raise cash -- they sell both the bad and the good stuff.
Cannot complain about that. :-)
In this low-rate environment, which may be here for many years, I'm hoping my other CEFs and dividend stocks can maintain their dividends without taking additional risks.
The information you are looking for is on PIMCO's Web Site. I would not rely on the opinion for one of these boards. Nothing personal to those that are sincere in sharing information, but there are too many people giving incorrect information -- not to mention the negative, self-serving posts...
The UNII is want you want to watch becasue that will give you insight as to whether or not a divdiend cut is coming. UNII has been stable so at this time there is no reason to suspect a dividend cut. We have been in a low-yield environment a little longer than anyone anticipated. I watch UNII...
You'll get a 1099-DIV. (ARCC is a BDC, not a MLP). Whether or not this is "the best" buying opportunity is something that we won't know about until things are in the rear-view mirror. I hold my ARCC in an IRA and frankly I sleep well. You can check out some of the Web sites such as Seeking Alpha or the BDC Reporter for opinions. What you'll find is that unlike some of the other externally managed BDCs, ARCC's management gives a hoot about shareholders. They have a history and it is a good one.
One advantage of being externally managed, at least in this case, is that management has access to more resources, as well as long-term relationships. The recent merger agreement between ARES and Kayne Anderson should be seen as a positive for ARCC.
Buy now or wait? Or buy something else now or later? Nobody knows that today, but tomorrow everyone will tell you what you should have done today. LOL.