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Subject:  Re: Closed End Mutual Funds Date:  4/4/2001  10:20 PM
Author:  Latinus Number:  6479 of 20081

The strange thing about a closed end fund is that it will almost always trade at a discount to its NAV ! Wiser men than myself have attempted to answer this seemingly bizarre behavior.
"a closed end fund" Author: buy2win usually inserts a hyphen, but
many other posters fail to do so. Please write "closed-end fund".
"almost always" Not so; in Barron's you can find many CEFs that are
trading at a substantial premium, e.g. BHY at +31 percent. Why would
anyone buy BHY?

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