$0.17250 per share. It's an expensive CEF, but just keeps paying nicely month after month.
Glad to see that we've got the PCEF message board back after being gone for months!
jdom4: I don't think you upset anyone. You just said "I am out" and I was wondering what you thought you might do instead. I'm staying with it for now to see how things pan out. And, as to what you said, I haven't owned individual stocks for years -- only CEFs, ETFs, and mutual funds. The last individual stock that lingered in my portfolio was WRE, but even that was gone maybe 4 years ago. I like diversification, and that's what you get with VPGDX, in spades!
jdom4: agree that the monthly payout is not as advertised, and miserly. On the other hand, I've enjoyed great capital gains over the last 18 months or so. The question is, if one jumps ship, what to do with the money. Money market? CD? Talk about a miserly return! So, I echo cpartain's question: watcha buying with the proceeds? Is there something similar out there that you really like?
It would seem that the distribution on 1/23 was the 1/31 distribution. Vanguard has been pretty quiet about what's going on. It seems that the monthly distribution for 2014 will be the miserly $0.0555 per share. Doesn't look like 4% to me.
Interesting! I did not receive that document. And, I just noticed that the .0555 distribution was made yesterday. Vanguard had said that there would be a distribution at the end of January, and then they'd go back to the middle of the month distributions. Yesterday's distribution caught me by surprise. So, perhaps all will be well after all.
It's like that end of the year 99cent distribution that also caught me by surprise. I'm not sure of the point of it... But, I figured that they were doing some house cleaning in anticipation of this merger.
I like VPGDX very much. Hopefully, once the dust settles from this merger, I will continue to feel the same.
You are correct. $0.0704 per share is what VPGDX paid all last year. It would most likely have changed beginning this year in any event. What it changes to with this merger will be very interesting. What I cannot figure out is how enumscrat knows what the new payout will be... I sure don't.. But, it should be announced sometime soon.
Yes, I think so. It should now be a $1.4 billion fund as opposed to about $569 million. I am anxiously awaiting specific information like how how the money is invested (probably won't see that until some time in February, and probably not too much different from what was posted as of 12/31/2013); management fee; distribution per share for the year.
jdom4, please post a link to the new prospectus. I'm embarrassed to say that I cannot find what you refer to.
Actually, it worked just fine. Vanguard paid out and reinvested the 99 cent per share dividend, but the price per share only lost 93 cents. My guess is that Vanguard was doing some "housecleaning" before the combining of the other two managed payout funds into this one next month. The impact will come at tax time, although it seems that most of this distribution was return of capital.
I look forward to how VPGDX looks after the combining, and what the monthly payout will be. I wouldn't be surprised if the management fees were reduced.