GenericPoster
$CLM So, those who bought Monday below $5.60 or $5.70 are up nicely today when those seemingly distressed sellers were selling well below NAV while the S&P500 was well up which should mean CLM NAV was increasing.
Those who did are up 4% to 6% depending upon their purchase price…and will get two more $0.122/mth dividends.
This is why you need to know what you own; so you do not fear buying dips or when it is deeply red.
Just watch for more buying opportunities such as:
+ sell off, if it happens, when they report the 2027 21% of NAV dividend in early November as it will be below the current $0.122…but still at 21%/year of NAV when they calculate later this month.
+ sell off, if it happens, for tax loss selling between now and year end.
So long as the S&P500 does well, as that mirrors CLM’s NAV, buying below NAV would seem a wise investment.
1
10
