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


To: Grommit who wrote (57505)7/5/2016 2:45:12 PM
From: E_K_S1 Recommendation

Recommended By
Jurgis Bekepuris

  Read Replies (1) | Respond to of 78673
 
Gabelli Dividend & Income Trust, 5.25% Series G Cumulative Preferred Shares (GDVpG)

If the value proposition is buying yield that is safe and better than 10/30 Treasury, GDVpG is Aaa Moody's rated and 15% tax preferred.

I am trying to Buy at PAR but even at the current price of $25.30/share yields 5.19%. Thought this might be a good place to park cash reserves as this preferred is pretty liquid.

I like the Aaa rating and the call date of 7/2021.

EKS