Dec. 2 at 1:44 AM
$GOF decided to dip my toe in the water here as shares are trading at a historically low premium to NAV, and shares have only traded lowrr than this level three other times in its 21-year history (Great Financial Crisis, Covid-19 pandemic, and October 2023). Bought enough shares at
$12.31 today to provide
$1,000 in monthly income from the distributions. The compound annual growth rate in NAV since inception is negative 1.66%, which is pretty darned impressive for a fund that is currently paying an annualized distribution yield of 17.75%, has consistently provided a RoC portion for tax benefits to shareholders, and had consistently paid $.1821 per share every month for years. This feels like a much more stable high-yield fund with less downside risk than others such as BTCI, EGGY, and OXLC....or any of the YieldMax funds.