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DRUA - ZTR: Diversified Portfolio And Attractive Income
Dominion Energy Inc. 2016 Series A 5.25% Enhanced Junior Subordinated Notes due 2076
ZTR cut their distribution in June. This led to the fund's discount to widen significantly.
Prior to this cut, the fund was enjoying premium pricing.
The 12%+ rate is quite attractive, and even while the cut went through, they could continue to struggle paying the same distribution without destructive ROC.