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Message Boards Settings S&P 500 Covered Call Fund Inc. (BEP) - Quote Info
Yield is really only 9.7%     11-Jul-09 11:33 am    
Only 1 more $1 dividend in December before it matures at its NAV in March, 2010. So, in essence, with BEP at a 10% premium to its NAV and only offering a 9.7% yield ($1/$10.28), that is a guaranteed negative return in a flat market. Brilliant!
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maaveriks

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  Subject Author Rating Time of Post (ET)  
 
Yield is really only 9.7%
maaveriks (1 Rating) 11-Jul-09 11:33 am  
 
Would you mind explaining that?
jrfillion Rate it 16-Jul-09 09:39 am  
 
Never mind; I called IQ and got an explainati...
jrfillion Rate it 16-Jul-09 09:53 am  
 
The NAV is only $9.83 and yet the market pric...
maaveriks Rate it 16-Jul-09 10:19 am  
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S&P 500 Covered Call Fund Inc. (BEP)

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On Dec 17: 10.31 Down 0.34 (3.19%)
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