Thanks for the reminder on these, dog. PDT, PGD, PDF and DIV are virtual clones of each other. They are leveraged baskets of moderately credit-risky preferreds and high div paying equities with an expense ratio of ~1.7% and have a heavy weighting to the utilities industry. At a 12% or better discount to NAV, they look attractive in a taxable account. I especially like PDT and PGD because there is an insurance company the owns a big wad of these things (46% and 25% respectively). The insurer tends to buy when the discount is attractive, providing a floor. They also have a history a few years back of forcing liquidation if the discount gets too wide.
"All animals are equal, but some animals are more equal than others."
- George Orwell