Trustee says its 100% cash with one very small illiquid position not liquidated. Expects payout shortly with small risk the illiquid piece could result in a...
I have heard from several CEF gurus that an unnamed CEF Family is comtemplating starting an Iraq Fund simular to Herzfeld's original Cuba fund. The symbol...
Lenny, you can already buy an Iraq fund, they call it the France Fund. By the way, there is a stock market in Iraq and prior to the war it was rallying...
--Since the US position was opposed by 8 of the members of the Security Souncil, among then China and Russia (close to 1 1/2 billion people), why are people...
It depends how the election is carried out. To quote Jay Leno "President Bush announced tonight that he believes in democracy and ... and > fair voting. Iraq?...
Anybody care to guess on the outcome? Mr. Olin claims he wants NAV but voted against merging with an open- end fund which would have given him NAV. Can he...
The unlimited tender proposal will never come to a vote, because it was not submitted for approval prior to the meeting. Bradshaw knows this, and is only using...
--(BUSINESS WIRE)--April 4, 2003--Bergstrom Capital Corporation, a publicly traded investment company listed on the American Stock Exchange (AMEX:BEM - News),...
A perfect example of high reward, low risk with a short payoff period occurred with the termination of the CXT term trust. From first hand experience, one...
Lenny, Good luck on this trade. I hope it works out for you. I fear the tax breaks you see you may not technically qualify for. To capture the long term CG...
It's actually six months. For a holding of less than 6 months, short term loss is converted to long term loss, up to the value of the ltcg distribution. If...
-I wonder how that affects me? I file as a trader and i am exempt for the wash sale rule -- In closedendfunds@yahoogroups.com, shakerfinancial <no_reply@y...>...
There is an additional tax problem: the short-term loss on fund shares held less than six months is disallowed to the extent of any tax-exempt dividends...
Who is paying $.20+ for the stub??? The filings suggest its only worth about $.07 according to our math! Maybe we missed something. Anyway, you own ours,...
Since distributions are always ignored by quote systems, I'm telling my clients they own a stock down 99.8% today, but they still made money in it. Pretty...
Dick, do you reach the same valuation conclusion? Again, we think the stub after disclosed expenses is only worth $.07-$.08 or so. We hit the bids and are...
The wrote: "less a reserve of $.28 per share for payment of the Company's remaining liabilities and expenses. The net asset value of the Company as of April 3,...
I'm out as well at these levels. However I think the stub is worth more than you. NAV was $.35 after distribution according to call to BEM this morning....
They have been very honest people at BEM so I wouldn't suggest otherwise, but going out NAV = $123.05 according to everything we have seen, thus leaving $.30...
It is my understanding that once a fund has committed to liquidate, it is supposed to immediately employ liquidation accounting by accruing all estimated...
Does anyone know anything about S&P 500 Protected Equity Fund? Its run by Merrill, but I can't find anything about it other than general info on Bloomberg....
It is essentially a term trust maturing 11/2007. It is essentially invested in the S&P 500, however they also own European style puts which is suppose to...
My non-professional viewpoint as always is the best tracker is one that mirrors reality as close as possible. Of course, I rarely do trackers anymore doing...
I was wondering if anyone who has experience investing in closed end funds could share their thoughts on the website: www.fundsdata.com It Ranks closed-ended...
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