The EWF open-ending proposal contains a provision for the successor fund to have a 12b-1 fee. I have never owned a 12b-1 fee fund and see no reason to saddle...
I agree in theory but in practice I will probably vote for the fee. Although it is not conditional on the 12-b fee, it is possible the open-ending would not...
Anyone know what's going on with MVC. It was up 11 cents today to a 3.4% discount, with twice the normal volume. Do the insiders know something? Also I'm...
... a ... mvc has blown a lot of money. they have had a lot of loans and investments go to zero value. the vast majority of assets are cash and t-bills. they...
Anyone involved? We are. What is the view of whether or not Harvard tenders in this case. I know some on this board think they won't in some cases in order...
My guess is Havard tenders. They appeared to tender KF at 95% of NAV after calling tender "inadequate". [Non-text portions of this message have been removed]...
... Harvard tenders in this case. I know some on this board think they won't in some cases in order to enlarge their relative position for future, stronger...
--The Arbman estimate seems in line with the usual historical experience where 60%-70% of shares are tendered. That was the recent experience with KF. If 2/3...
... http://www.morganstanley.com/im/prices/cf_no.html?page=prod Site provides daily NAV for morgan stanley's closed end funds as well as historical NAVs and...
LDF http://www.forrelease.com/D20040213/nef022.P1.02132004164205.15711.htm l -- In closedendfunds@yahoogroups.com, joshua_fought_the_battle ... well...
Now that 4 of the 5 days of pricing action has occurred on this one. the outline is becoming clear. The prospectus estimate of dilution of $1.44 appear way too...
--The larger the discount the more the dilution. Note that the disount on the other CEF investing in transitional Europe (rne) is smaller than the discount on...
I believe it was 15.24. Of course the rest of the week it moved up steadily, so we're getting almost the recent low. Oh well. At least we'll have some spending...
... i received no help, response to my query. i sold my rights for 79 cents. i couldn't sell online. so, i paid a commission of 3.5 times an online trade. i...
Next time ask a question. You got a fair price despite your ignorance. The warrents were worth about 80 cents at termination. Thirty warrants were equal in...
CH11 does raise a valid point in the process of venting. Rights offerings can have their merits, but if you don't want to exercise the rights, it is expensive...
Are rights expensive to sell? Well at Brownco, on a market order you pay a "huge" five bucks for up to 5000 shares. ... exercise ... been ... termination. ......
The Fund has the size and flexibility to do far more than satisfy only one-sixth of the demand for redemption from shareholders. If the manager were skillful,...
The letter was sent to the "independent" directors. Harvard has over 20% of the shares of KF. It also proposes a tender at NAV for 50% of the shares of KF....
I received the following E-mail from Phil Goldstein, as I assume, did others who have corresponded with him over the years. Please note the crucial time factor...
New York, NY – March 22, 2004: The Central Europe and Russia Fund, Inc. (NYSE: CEE) (the "Fund") announced today that its rights offering (the "Offer") which...
... no apparent account of the impact of its coercive rights offer. In closedendfunds@yahoogroups.com, gregor25 ... the ... ended ... over- ... intends ... and...
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