Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Reply to @Heathbob: Generally agree ,but I did buy this C E F monthly payer late last year in my Roth as a diversifier/income generator. http://www.principalcef.com/thefund.php As in any closed end fund using leverage,there are risks. "Since the last distributions were declared, the Fund has employed leverage to Management's desired level and has remained fully invested consistent with its investment strategy. The Fund has benefitted from the initial funding at the end of June 2013 which occurred during a period of volatility and allowed us to buy Commercial Mortgage-Backed Securities and Global REIT Securities at yields higher than our original targets. http://www.principalcef.com/documents/pdfs/pgz-pr-20140130.pdf
Comments
http://www.principalcef.com/thefund.php
As in any closed end fund using leverage,there are risks.
"Since the last distributions were declared, the Fund has employed leverage to Management's desired level and has
remained fully invested consistent with its investment strategy. The Fund has benefitted from the initial funding at the
end of June 2013 which occurred during a period of volatility and allowed us to buy Commercial Mortgage-Backed
Securities and Global REIT Securities at yields higher than our original targets.
http://www.principalcef.com/documents/pdfs/pgz-pr-20140130.pdf