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Subject:  Re: Closed End Bond Funds Date:  5/2/2000  11:38 AM
Author:  pauleckler Number:  614 of 36383

In the 70s, there was a guy who bought a few shares of major companies and then went to shareholders meetings and asked executives embarrasing questions from the floor. (I think his name was Gilbert, maybe Leo Gilbert.) If resources are limited, this could be one technique to garner some attention and possible plant the idea with board members that better performance is expected and if not liquidation should be considered.

Actually, a closed end fund with shares trading consistently at a discount is a charity. Management is enjoying its big paychecks and perks, but not doing its job. Lots of resistance out there to change, but change they must. Dumping the shares for something better is usually the best course, but others could pay handsomely--if successful.
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