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Advent Claymore Convertible Securities And Income Fund
I am not a stock trading expert, but I can provide some general information about the closed-end fund, Central Trust Mortgage Investors (stock symbol: AVK) that you have mentioned.
Central Trust Mortgage Investors (AVK) is a closed-end fund that invests in a portfolio of mortgage-backed securities issued by government agencies such as Ginnie Mae, Fannie Mae, and Freddie Mac. The company aims to provide a high level of current income, consistent with its investment objective and policies, through dividends.
Here are some key points about AVK's financial performance and growth:
1. As of December 31, 2021, AVK's net assets were approximately $343.5 million, and its market capitalization was around $224.5 million.
2. The company's dividend yield as of December 31, 2021, was 9.02%. This yield is significantly higher than the average yield of other closed-end funds and the 10-year Treasury yield.
3. AVK's net investment income for the fiscal year ended December 31, 2021, was $0.52 per share, compared to $0.46 per share for the same period in 2020.
4. The company's net asset value (NAV) per share has fluctuated over the past year, with a 52-week range of $5.61 to $7.25 per share.
5. AVK's total return for the fiscal year ended December 31, 2021, was 11.81%.
It's important to note that investing in closed-end funds such as AVK involves certain risks, including the risk of loss of investment. The value of the company's portfolio can be affected by changes in mortgage interest rates and other factors. Additionally, the company's dividend payments are not guaranteed and may vary over time.
Before investing in AVK or any other security, it's important to carefully consider the company's financial statements, investment strategies, and risks. Potential investors should consult with a financial advisor or broker to determine if the investment is suitable for their financial goals and risk tolerance.