Jan. 8 at 1:33 AM
$GOF This fund has two very attractive entry points for me:
$12.14 and
$12.85. Those represent an 18.00% and 17.00% annualized distribution yield, respectively. I did not have funds available when shares were trading at
$12.14, so with funds available today, I took the opportunity on the pullback from the
$13.00-
$13.10 range to add another 7,688 shares at
$12.85 per share. I increased the cost basis on my shares to
$12.47, but I'm quite content to hold enough shares to collect
$2,414 per month from a very reliable, stable distribution for years to come and compound my investment through the 5% discount DRIP for the next seven months. I don't expect GOF to still be trading below
$13.00 per share this Spring.
