<<, As you know, by eternal choice has been Van Kampen Convertible, and not just because I used to manage it. However, the fund has done fantastically and the discount is well nigh pisaddeared, so I think TCW is a better choice here. Historically, it has not been as well managed as Ellsworth or Bancroft, but the smart guy who managed those two funds has passed away and performance AD has not been spectacular. TCW has beaten them handily lately. And, fortunately, unlike some of TCW's other CEFs, this one is not leveraged>>
Michael,
Hate to ask you for a follow-up on something from last August but do you have any idea what caused CVT's stock price to decline 10% or so yesterday(June 20)?
Regards |
