Good buy here... | IGD Message Board Posts


ING Global Equity Dividend and Premium Opportunity Fund

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Msg  20 of 27  at  9/13/2007 2:40:35 PM  by

mavericks


Good buy here...

IGD has had a horrible week in a strong market. Not sure why other than perhaps a fund having to liquidate. This was warned last month that a redemption window was going to be opened for hedge fund investors the 1st of September. The weakness is not showing up in the NAV and it went ex-div on 9/4, so I'm guessing a fund is redeeming.

For a monthly paying, close to 10% dividend CEF, IGD typically trades at a premium. Now at over a 3% discount, this is probably a good entry point around $19.


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Replies
Msg # Subject Author Recs Date Posted
21 Re: Good buy here... PinewoodsBear 0 9/13/2007 6:34:52 PM




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