Closed End Global and Country Funds Message Board

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Strategies & Market Trends : Closed End Global and Country Funds

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To: capitalistbeatnik who wrote (41)	5/23/1997 12:10:00 AM
From: kolo55	of 289

Czech Republic Fund (CRF) is at about 19% discount. I estimate the NAV is about 15.30, and the stock closed at 12 3/8 today. This is the widest discount for a long while for this CEF. I have bought the stock several times around 12, and sold several times just shy of 15 over the last 18 months, and pocketed the year end gain distribution as well. The currency is as solid, or even more solid than the mark. And if the dollar weakens here could see a nice rise. Used to be that the CEE fund had 20% discount and CRF had a 5-10% discount. Now CRF has a discount close to 20% and CEE has discount of about 15%. I like them both, but now CRF looks like a good play. Just an option. Paul

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