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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (26966)	5/31/2007 12:05:08 AM
From: a128	Read Replies (1) \| Respond to of 78744

Is that 19 cents a share just part of a "managed distribution policy" where the fund attempts to payout their expected long term average annual return ? I prefer RTU and its 13+% discount to NAV although it has a more modest yield of 6.25% or so. (Also UTF which is ultilies and Real Estate) I got a CBF annual report yesterday. Had to call for it since I didnt own the stock untill recently. It says they ended the year with a $31.8 million high yield mezzanine loan as non performing and a $19.7 million high yield mezzanine loan on their watch list. Perhaps these are why they canned the president ? Best I can tell, nothing has been reserved for either. But, their mezzanine loans as a whole have a weighted average loan to value of 76% so hopefully they wont incur big losses from them. (page 5 of 10k) It was nice to see FSP rebound since my last buy at $17.70. I was getting worried when it continued down to $17.25. I guess with FSP, CBF,FUR, RTU, UTF and my large positon illiquid pinksheeter HGPI, as well as owning my house, I think I have enough real estate exposure. Saw a couple more insider buys in FUR but they dont jive with yahoos volume totals so Im not sure what the deal is.