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To: MoneyPenny who wrote (82470)9/18/2009 4:29:38 PM
From: Bread Upon The WaterRead Replies (1) | Respond to of 118717
 
I, too, MP own about 10 MLP's (mostly oil & gas pipelines as well) and do very much like the income they bring in---averaging about 8.5 percent through thick and thin and a lot of them incrementally raise the distributions on a semi-annual ot annual basis.

Going forward though I am thinking about about just buying funds that buy MLP's and save all the sorting out (KYN and the one in the Claymore Closed Fund group {But currently trading at a 12% premium to NAV---probably because of the 10% plus distribution rate). Would be interested to know if you've already been down this (fund) road and, if so, reached any conclusion(s) about it.

Have my preferreds in Powershares ETF (PGX). So far so good.