Bosco & Crossy's stock picks,talk area Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Senior who wrote (36564)	2/5/2011 5:47:34 AM
From: Crossy	Read Replies (1) of 37387

Paul, you quoted the figures from LCM, yet another fund and not from AGC. AGC in 2010 had 35% "return of capital" guggenheimfunds.com - however for leveraged funds this figure is skewed - as they employ a feature called "capital loss carryforwards" which works similar to NOLs. I concluded that the return of capital DID INCLUDE this NOL like feature, otherwise one coudn't reconcile this with the fact that they did gain NAV almost 8% of NAV over the past year. This is a plot on their NAV value of AGC for "pseudo ticker" XAGCX (one can produce such a chart with any traded CEV on the market) finance.yahoo.com Here is some kind of description on the issue seekingalpha.com Here the issue is touched by Cohen & Steers houlihanrovers.com For FFC the "return of capital" number was merely 1.3% and for FLC it was zero guggenheimfunds.com guggenheimfunds.com However, I am holding both kinds (convertibles and preferred CEVs) for different reeasons. Convertibles mostly for capital gains, preferreds mainly for income. take care CROSSY

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next