The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Bonds & Fixed Income Investments


Subject:  ACG article Date:  12/2/2013  10:46 PM
Author:  blacktreechaser Number:  35107 of 36785

AGC is a closed end income fund, invested mainly in treasuries, selling at about 15% discount.

The interesting part is this:
Supposedly there is something in the prospectus that says shareholders can vote to make it an open-end fund when shares are priced at this much of a discount. The author of the below article, says this conversion, if approved and completed, would give a nice 15% jump in price.
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us