Triax Diversified High Yield Trust Units Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Triax Diversified High Yield Trust Units

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Francois Amouzouvi who wrote (27)	10/7/1997 10:34:00 PM
From: kingfisher	of 39

I have just completed research on other closed end high yield bond funds and have confirmed my belief as to the severe undervalution of the Triax High Yield Bond Fund.My investigation uncovered 24 high yield bond funds trading on the New York Stock Exchange.Twenty two of these funds are trading at a premium to net asset value!The average premium is 9%.Based on this new info Triax High Yield should be trading at least a minimum 5% premium above its current net asset value of $9.This indicates a price of $9.45 per installement receipt.I would also like to offer an opinion as to why these units are so undervalued.The responsibility for this lies with Triax Capital,the manager of this fund.They simply are to small an operator to have any influence with the investment community.You can bet your bottom dollar that if Altamira was the manager,and not only the investment advisor these units would be trading above $9.Frank Mersch's influence with the brokerage community would power this fund to its proper valuation.Thank God Barry Allan's perfomance in guiding the fund has been outstanding! Time will tell if Triax Capital can play with the big boys.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next