CANADIAN CLOSED END FUNDS AND INSTALLMENT RECEIPTS Message Board

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Gold/Mining/Energy : CANADIAN CLOSED END FUNDS AND INSTALLMENT RECEIPTS

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To: kingfisher who wrote (18)	6/13/1999 5:03:00 PM
From: kingfisher	Read Replies (1) of 37

Now into New Altamira Value Fund NVL.UN.Trading at 21% discount to Net Asset Value. Market price $9.50 n.a.v. $12.11. Fund will be liquidating at year end of 2001,18 months from now and distributing proceeds to shareholders. The fund also announced a share buyback in February of up to 5% of issued shares.Based on volumes since February I doubt that the manager has bought any shares yet. The manager of this fund should be embarrassed to allow this closed end fund to trade at such a discount! Shares that were issued at $10 a few years ago to purchase $9.50 in assets now trading at $9.50 with $12.11 in assets. I enjoy buying dollar bills for .80cents.

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