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  • As a rule of thumb I never buy funds from an insurance company.........no way
  • edited February 2014
    Reply to @Heathbob: Generally agree ,but I did buy this C E F monthly payer late last year in my Roth as a diversifier/income generator.
    http://www.principalcef.com/thefund.php
    As in any closed end fund using leverage,there are risks.
    "Since the last distributions were declared, the Fund has employed leverage to Management's desired level and has
    remained fully invested consistent with its investment strategy. The Fund has benefitted from the initial funding at the
    end of June 2013 which occurred during a period of volatility and allowed us to buy Commercial Mortgage-Backed
    Securities and Global REIT Securities at yields higher than our original targets.
    http://www.principalcef.com/documents/pdfs/pgz-pr-20140130.pdf
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