The fund's investment objective is high current income and capital appreciation.
The fund invests at least 90% of its total assets in income producing common stocks, preferred stocks, convertible preferred stocks and debt securities issued by real estate companies; at least 80% of its total assets in income producing equity securities issued by REITs; and will not invest more than 25% of its total assets in non-investment grade preferred stocks, convertible preferred stocks and debt securities. The fund uses leverage.
Potential for enhanced portfolio returns and reduced portfolio risk through the use of commercial real estate investments.
- High current income potential
- Opportunity for capital growth
- Portfolio management by one of the leading names in real estate investing
| Closing Share Price (As of 9/1/2010) | $9.52 |
| Closing NAV per Share (As of 9/1/2010) | $9.51 |
| Premium / Discount | 0.07% |
| Current Distribution Rate (Market price)†† | 9.25% |
| Distribution Amount (Quarterly) | $0.2200 |
Managed Distribution Policy: This fund has adopted a Managed Distribution
Policy, designed to provide attractive, quarterly distributions throughout the course of the year. Under this policy, the fund seeks to maintain a stable quarterly distribution amount (in cents per common share), comprised of payments received from portfolio companies, as well as net realized fund portfolio capital gains and, if necessary, a return of capital (representing in some cases
net unrealized capital gains). The fund will determine the tax characteristics of all fund distributions after the end of the calendar year and will provide shareholders such information at that time.
View more information about Managed Distributions.
View fund performance and current estimates
of the fund's distribution components.
As of 06/30/2010
Total may not add up to 100% due to rounding.
Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Past performance is no guarantee of future results.
Fund data is updated daily, monthly, and quarterly, depending on the specific data point.
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