I note many questions, comments etc on coverage ratios of closed end funds (CEFs).
I am in the office for only minutes but am posting Sec 18 here at this link–
Capital Structure of Investment Companies
This lays out dates etc relative to coverage ratios–and what happens if the company break coverage rules.
Practically speaking – I wrote on how this was handled back in 2009, 2010 and 2011 by the Gabelli companies on Seeking Alpha.
The article is here–but the links are old and no longer work.