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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: JSLyons who wrote (17250)11/15/2001 10:28:41 AM
From: Bernie Goldberg  Read Replies (1) of 18928
 
Hi Jonathan,
Just to finish off the discussion on Premium/Discount purchasing of CEFs.
Last night ACG reported earnings and NAV per share.
NAV for YTD at the present time was reported a $8.35 per share. Guess what this AM ACG opened down .48 at $8.18. Today it can be purchased at a discount if one so desired. This is no guarantee that it won't go down further, it just means that ACG went on sale today. Today it has been marked down about 2%. As I finish typing this post the price is back to about $8.30. It will probably finish the day very close to the NAV of $8.35. After today the market will determine whether the price goes up or down depending on investor sentiment.
Bernie
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