agreed it is one of the better funds hence premium.
but the cash reserves are less than a year and well under average 3-4 years reserve. even AFI has about 4 years reserve which also trades at a premium.
it's very volatile out there, some shares are dropping 50%. low cash reserves should mean Div cut.
just take care...
DYOR don't depend on my interpretations.
l can be wrong!
cheers
Staying ahead of the retiree Income LIC shakeout, page-36
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$1.52 |
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