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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: macbolan who wrote (7806)	8/9/2024 7:17:13 PM
From: SeeksQuality	Read Replies (1) \| Respond to of 22017

HTD has done a really good job of maintaining/increasing its distribution over time. Looks like they cut it by 1/3 in 2009, but the 2011 distribution was ahead of the 2007 distribution. I don't see any evidence that they are in danger of a cut here. The key is a falling NAV.

To: macbolan who wrote (7806)	8/9/2024 7:19:18 PM
From: chowder	Respond to of 22017

Re: HTD. So that is a CEF you see as vulnerable to falling interest rates that might have to lower its distributions? No, not necessarily. I see it as a CEF that can be sold for an asset like O if I choose to do so. It certainly could be eligible for a swap to MO for those willing to hold MO. I'm not looking to hold MO at this time. If it does cut it's distribution though, depending on what the new yield would be, I would see it as a high probability swap out play. A lot of what has been discussed today is speculation. I have to wait until things start happening before I really know what I will do. I do know that most holdings are not buy, hold and fuhgeddaboudit.