Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: HelicalZz Big gold star, 5000 posts Old School Fool Coverage Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 16  
Subject: CNS funds affirm dividends Date: 3/13/2008 11:47 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Today we had press releases related to many of the CNS closed end funds. Many of these funds are distressed right now due to a couple of factors.

1) Primarily invested in the REIT sector

2) employ leverage, and recent failures in the AMPS market is increasing the cost of this leverage.

http://www.cohenandsteers.com/downloads/AMPS_Market_Update_21508.pdf

Today's announcements imply that CNS will not be making dividend cuts on its funds in the near future - though the possibility exists that a portion of these payouts may end up being 'return on capital' (we'll find out at the end of the year).

I own this, but it would likely be better to be on the sideline waiting on better prices. This will be a great stock to own sometime - just probably not now and when will be tough to gauge.

Zz
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Berkshire Hathaway

Brookfield Asset Management
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement