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Author: Latinus Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19483  
Subject: Re: Closed End Mutual Funds Date: 4/4/2001 10:20 PM
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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.
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"a closed end fund" Author: buy2win usually inserts a hyphen, but
many other posters fail to do so. Please write "closed-end fund".
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"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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