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Strategies & Market Trends : Dividend Growth Investing and chit chat.

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misscbd
Top Of The World Ma
To: Top Of The World Ma who wrote (1836)12/20/2021 5:45:14 PM
From: rnsmth2 Recommendations   of 2146
 
RE: NIE


+++Ron, What attracted you to NIE?

I'm not so much interested in NIE as a CEF itself, I'm more interested in what your attraction and selection process was when selecting NIE over what I'm assuming were other CEF's under consideration at the time.

Was the selection based on the distribution record, management style, portfolio holdings, etc.+++

I do not have notes from back then, but it held a lot of tech, some non-dividend payers that I did not, so their portfolio had something to do with it.

I am sure I looked at premium/discount to NAV and that was not disqualifying.

In addition to having a current yield of a bit over 6,6% and a YOC of nearly 10%, the share price is up 48% since purchase.
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