Calculating If Return on Capital is Destructive vs. Constructive as explained by www.CEFadvisors.com
If Starting NAV: $10
Dividends over the year: $1
Ending NAV: Below $9.01 then (100% destructive)
Ending NAV between $9.01 and $10 (partial destructive)
Ending NAV over $10.01 (100% constructive)