Tag Archives: NOIEX

NOIEX, ‘Northern Income Equity Fund’: May 2015 0.045399 Dividend Is Largest Non-December Distribution Since August 2014.

.Anura Guruge December 2014 thumbnail
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by Anura Guruge


Related posts:
1/
NOIEX: Income is an oxymoron.
2/
NOIEX: light on income.
3/
Puny Jan. 2015 distribution.
4/
NOIEX: flat after Dec. distribution.

5/ NOIEX: Huge 2014 distribution.

a/ Sticking with BJBHX till 2015.

++++ Search ‘BJBHX’, ‘IPO’, ‘stock’ etc. for other related posts >>>>


noiexmay2015sasdad

Click to ENLARGE and read.


noiexmayhistirsaas

Click to ENLARGE and read. From Yahoo Finance. NOIEX distributions over the last ‘2 years’.


May’s 0.045399 was ‘about time’. NOIEX since its HUGE December 2014 distribution had been very light on the dividends. That the May dividend was 10 x that of April was telling.

But I am no longer convinced. I think NOIEX is struggling and that I have had it with it. I had meant to dump it BEFORE the May distributions. But with the book, the Jag and the trip to Arizona life has been a bit hectic — and as such, inexcusably, I have not spend as much time as I should working on my investments. Well, I will have to put that right.

So, this is just another heads up on NOIEX.


Finally A Final ‘Bye Bye Blackbird’ Adieu To Aberdeen (Artio) Global High Income Fund, BJBHX.

.Anura Guruge December 2014 thumbnail
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by Anura Guruge


Related posts:
1/ BJBHX $0.26 cap gains for 2014.
2/
BJBHX stopped hemorrhaging for a day.
3/
BJBHX depressing news.
4/
BJBHX: sticking it out till 2015.
5/
BJBHX has decent December 2013.
6/ 
Uncontrollable Infatuation With BJBHX.
7/
BJBHX: I Bailed With Regret.

++++ Search ‘BJBHX‘ for other related posts >>>>


bybebyebjbhx

Click to ENLARGE. Underlying chart and data from, of course, MarketWatch.com.


Well it had been on the cards for months. BJBHX was going nowhere, but down. Interest rates are due to rise and according to all junk bonds were due to take another hammering as that happened. The dividends, always BJBHX’s one redeeming trait, were also beginning to dry up. I could NOT take it anymore. I will be the first to admit that BJBHX helped — nay, enabled — me to weather the 2008ish financial crisis. BJBHX did good, very good, in those dark and uncertain times.

But things have changed and with that BJBHX’s value-proposition. I started to wind-down my position about 7 weeks ago. I did not want to pull-out, overnight, cold turkey. Why? I did not want to hurt my fellow shareholders! Yes, I am strange. I have never denied it. I am what you might call an altruistic investor. I do not like to hurt others. Yes, I know. Crazy. But then again I am also not greedy. To also be fair, most of the time I do not have anything to worry about since the most I usually have to invest is around $2 (as you might know from my posts). But in the case of BJBHX I had a few shekels in the pot. If I had withdrawn it all, one night, as I was certainly entitled to do, since I have held these shares for years, it could have hurt the NAV. So I opted to withdraw in batches to limit the outflow. I finally made my last withdrawal as soon as we got back from Arizona. I am GLAD I did.

I am using the proceeds from BJBHX to play options. Yes, the ability to write more options was another reason I wanted out of BJBHX. I think I have a problem. I am addicted to writing options! As far as addictions go this is not too bad or painful. I only do out-of-the-money options using good underlying stock. It is fun. It is white-collar gambling. But with the options I stand a chance to make some money, and that had ceased to be the case with Aberdeen (Artio) Global High Income Fund. So bye, bye blackbird. IF I never own another Artio product, that might prove to be too soon. Coincidentally, or otherwise, that is when the rot set in, when Artio acquired Aberdeen,

I also, a few weeks earlier, be it, also got rid of all my shares in YACKX, Yacktman Fund. I had been a (secret) YACKX holder for a longtime. 7+ years I think. It was the fund I never talked about. I had found it after years of diligent research and I didn’t want it spoiled. It (again prior to an acquisition) used to be a little champ. Delivered on its promise and dolled out some healthy dividends. It too has since lost its way. I didn’t, in reality, have much invested in it and as such it was no big deal closing it out, overnight. I did that about 6 weeks ahead of BJBHX. So that is bye, bye to two mutual funds. I now have just three more, one of them NOIEX, ‘Northern Income Equity Fund’, that no longer generates income! I have sold some NOIEX shares in 2015 and I am pretty sure that NOIEX will cease despoiling my portfolio within the next few weeks. I think my patience has finally started to run out. That will leave me with just two funds, one that I just acquired at the end of 2014. It hasn’t done much but it shows promise. The other I had had for a ‘long’ time. Maybe 4+ years. It delivers on what it says in its prospectus.


yacktatlast

AMG Yacktman Fund, YACKX, data from MarketWatch.com. Click to ENLARGE and look.


NOIEX, ‘Northern Income Equity Fund’: The ‘Income’ Part Is Becoming An Oxymoron.

.Anura Guruge December 2014 thumbnail
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by Anura Guruge


Related posts:tiny
1/
NOIEX: light on income.
2/
Puny Jan. 2015 distribution.
3/
NOIEX: flat after Dec. distribution.

4/
NOIEX: post huge distribution.
5/ NOIEX: Huge 2014 distribution.

a/ Sticking with BJBHX till 2015.

++++ Search ‘BJBHX’, ‘IPO’, ‘stock’ etc. for other related posts >>>>


Click to ENLARGE.

Following all of my coverage of NOIEX in December 2014, when we had that unprecedented and uncalled for $3.987 dividend, this blog has become a regular destination for those seeking genuine incisive information on this now moribund fund. So this is another post to keep you posted.

The April 2015 distribution, at $0.00446 per share, was, yet again, on the low side. 64% below the April 2014 distribution.

To help us all out I created this comparison chart. It, as you can see, is not that conclusive. I, however, continue to feel that NOIEX, post-December 2014, seems to be skimping on the dividends. For a fund that has ‘income’ in its name this seems incongruous.

But, to be fair, its overall performance is still fair. Not stellar, but it is hanging in there. Check out this from MarketWatch. The December ex-DIV NAV was $12.57. It has been up as much as $13.09. YOU definitely should keep a close eye on it. NOIEX is no longer a fund that you could buy and forget about — in the belief that it will quietly keep on doing what it should, i.e., doing reasonably well and generating some income. It definitely appears to have lost some steam if not its way. I am not ready to ditch it yet. It has served me well for a number of years. But, I check its performance rather carefully of late. OK? Hope this helped. If nothing else you won’t find this dividend comparison chart, in this easy to follow format, anywhere else. Enjoy.

Click to ENLARGE and read. From marketwatch.com.