Does anyone have a good estimate on the real nav for MVC? When it traded at less than cash there was a margin of safety, but that seems more questionable now....
A while back JFI said they were going to tell shareholders by Jan. 31 what their next step was going to be. No press release yet. Any views or ideas?...
I have owned a small position in this fund for about 2 years, but have no better estimate of nav. I guess, I will hold it a while longer and see how the fight...
JOHN GRILLOS MIGHT WANT to spruce up his resume. Grillos is the CEO at MVC Capital, a struggling closed-end fund better known by its original name, meVC Draper...
Press release indicates shareholder vote on April 8. Sounds like semi annual tender. I'm guessing like its sister fund GRR, they will do 10% at 98% of nav,...
scrappy, not sure I understand you, please clarify. TDF and TCH issue is around interval, which Harvard is advocating, vs. open ending. 10% is same as GRR...
Other than MXE is there a reason to think they would use in-kind? I'm comfortable believing it will be cash. Its inferior to GRR in that its semi-annual vs....
Thai Capital Fund thoughts? By the way, TF is allegedly the symbol but two of my brokers, Fidelity and Interactive Brokers, don't recognize it. Is there...
By searchig with Google this is what I find The Thai Capital Fund, Inc. is a non-diversified, closed-end management investment company, whose shares are listed...
I used the quote window at Fidelity and this is what I get: THAI CAPITAL FUND Trade Research Add to Watch List Detailed Quote Option Chain Last [Tick]...
Press release indicates new manager to be hired. They are monitoring legal action related to taxation. Over 50% of this owned by institutional investors...
JFI says tax issues make liquidation a bad option at this time: "if the Fund were to liquidate, it could be required to retain a very significant amount from...
I noticed that there was very heavy trading yesterday in JFI but I did not see their report until today. Trading with inside info? Was there a deal to buy...
I think the bulk of the volume occurred in two trades early in the day yesterday. Maybe we will see an SEC filing in the next few days letting us know who had...
Not sure it would have involved them but I'm not sure City of London or Laxey would be governed by US insider trading laws. For what its worth, I'm not...
Of course legal fees are rolling up for all concerned as shareholders must suffer this pure waste. I contrast the Templeton-Harvard catfight with MVC-Millenium...
... It's explained in footnote 6, pp. 20-21 of JFI's annual report for 2002 (N-30D filed 2/5/03). Basically, there is a pending challenge in the Indian courts...
The baffling thing is how JFI trots out the tax issue as a reason not to liquidate, when the exact opposite is true. The more time passes, the more "public...
Sounds like they are up to $28mm in cash this week or about 52%. NAV = $10.12 according to trustee. I couldn't find it anywhere else this weekend. arbman...
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