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Strategies & Market Trends : Dividend investing for retirement
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To: Graustus who wrote (31058)4/9/2019 9:03:12 PM
From: Thehammer2 Recommendations

Recommended By
Graustus
JimisJim

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Yep, you are correct if you count the income received. Sometimes though the call would come very soon after a REIN and the client would complain. If you hold it long term and not called, all is well. Sometimes corps will jump on refinancing options when they can do it at lower costs. I have seen examples though where the premium was much greater than your case. I recall than some of the Pimco CEF's were selling a over 50% premium to NAV which was insane some cut the div and the value dropped to be more in line with NAV.

Mt personal preference was to reinvest the growth part of my portfolio and use the income from the yield portion to fund other purchases On a high yield, security, if you take the distributions in cash, you build a cushion over time in case something dire happens. That is not the case if you reinvest.
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