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)

Categories: Strategies

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories:

Categories: