GLV - Evaluating Closed-End Funds: GLV Is Overpaying The Distribution And Trading At A High Valuation
- GLV has a yield of 13.97%. This seems almost too good to be true, but it is attractive if the distribution can be sustained.
- I continue my series digging into CEFs beyond the yield with a look at GLV.
- Unfortunately, GLV isn't fully covering its distribution.
- With the risk to the distribution, the price isn't even a good value.
For further details see:
Evaluating Closed-End Funds: GLV Is Overpaying The Distribution And Trading At A High Valuation