Now that CHY has tendered all of its ARPS, maybe we will see
a dividend increase over time. I own several closed end funds for orphans and widows and most reduced thier dividends last fall. Those funds have redeemed ARPS over time. For example, one fund RTU, formerly a five star fund,
cut its dividend 60%. All of RTU's ARPS have been tendered.
I believe the severe dividend cut was to hoard cash to redeem the ARPS. Any comments welcome.