ACM Income Fund, Inc. 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.

Non-Tech : ACM Income Fund, Inc.

ACGYX 6.470

0.0%

Dec 23 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Don Green	1/19/2013 9:02:17 PM
	1 Recommendation of 59

AllianceBernstein Income Fund Inc. ( ACG): 5.60% Yield; Ex-Dividend 12/26 This closed-end fund offering from Alliance Bernstein has the objective of generating high current income to outperform the broader bond market with a side objective of preservation of capital. This is a very popular market segment recently and the fund has appreciated more than five percent this year. The fund's portfolio is available here as of October 31 and there are no unexpected holdings. 58% of holdings are government securities with nearly 70% of the portfolio rated triple-A so you may be wondering how the robust 5.6% yield is achieved. The answer is primarily leverage: the fund has 43% leverage which boosts the returns. The use of leverage in this low interest rate environment may be prudent but this is a red flag for dividend capturing as the trade could very easily turn against you. The leverage has actually decreased three percent since the prior portfolio update, a noticeable decline over such a short period. The fund charges sixty five basis points which is notable if your objective is generating income. http://seekingalpha.com/article/1080421-are-these-weekly-ex-dividend-stocks-naughty-or-nice

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next