Post by cosomatic1 on Nov 5, 2017 1:54:31 GMT
I have been investing in GAB for over 10 years which is a closed end fund which pays a 10% dividend which is based on the NAV of the stock. The 10 % dividend is mandated in the bylaws. They are offering rights on the shares, 7 rights for each share you own at a purchase price of 5.50. Current shr price is 6.04. I have participated in these offerings for several years now and always end up ahead of the game. Just wanted to pass this info along, 10% is a great dividend. Mario's best kept secret...