Friday, September 17, 2010

RQI

RQI - a closed-end fund, which is currently trading at a +14% discount to NAV will now be paying a .18 dividend. The yield will now be more than 9%. I have had this since it was at $2.96, even though I have had more than a 170% return I think it still has upside because it is clearly managed well as its largest holding is in SPG, which was recently added to Goldman Sachs' conviction buy list. This is a leveraged fund and borrowing is cheap!
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