HHY Hastings High Yield Fund has announced an orderly wind up over 3 years or more, returning cash to unit holders over this period, beginning 39c dividend very soon. I guess some return in future may be cap return, some dividends. Does not matter which for me, as my investment is thru my SMSF in pension mode, all returns are taxfree.
Current share price is around $1.30 which is supposed to be about 10c below NTA. While I have suffered share price drop over a period, the returns have always been excellent (15c last year), possibly because of cap return component in addition to income. However, at the current price and the prospect of income and wind down capital return, I see quite a bit of upside, and have increased my holding.
Any thoughts anyone? I only see this stock suitable for low or no tax paying entities, not for trading.
Note: I am a novice investor. Do not rely on my comments, do your own research.
HHY Price at posting:
$1.31 Sentiment: LT Buy Disclosure: Held
