|
Does anyone have concerns about the sustainability of current distribution levels given that FMO has, as announced in Dec 2006, a policy of determining distributions based not only on net investment income, but also reflecting capital appreciation the fund has experienced. With market prices tanking, one would think that accumulated, undistributed appreciation will pretty much dry up. I don't see how one can get a handle on this from published reports. Moreover, I have not found this policy described by other closed end funds concentrating in MPLs. Thoughts?
Sentiment :
Hold
|