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Gold/Mining/Energy : CANADIAN CLOSED END FUNDS AND INSTALLMENT RECEIPTS
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To: Mike K who wrote (21)12/7/1999 10:20:00 PM
From: kingfisher   of 37
 
Yes I am familiar with the BPI fund trading on tse.I sold my shares after the discount to N.A.V. was reduced to 6%.Management have been aggressive in shoring up shareholder value and protecting it.They have option to short stocks in this fund also.

I keep my eye on several closed end funds and buy them when the shares trade at a larger than historical discount to N.A.V.
They are illiquid investments but with patience you can get out of them ok.
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