I would like your opinion on one of Gabelli’s mutual funds. It is GAUCX WHICH PAYS A MANDATED .07 PER SHARE. WHICH AT CURRENT PRICE OF $4.75 GIVE OR TAKE, IS 17%. It’s distribution yield is around 3-4%.I have read the prospectus and find it very confusing. I was hoping you could make some sense of it. It looks on the surface to be a no brainer but i’m fearful that i am missing something. It seems to me that if I keep reinvesting the dividends that I will have a sizeable income from this in 7-8 years as the number of shares would double aprox. twice in 8 years if the price stays the same or goes down they would double even faster. If the price goes up maybe a little longer. I’m trying to see the downside here? I will appreciate any feedback you can give,
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