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Biotech / Medical : Biotech Valuation
CRSP 53.50-1.3%Jan 16 3:59 PM EST

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From: Robohogs9/30/2008 12:43:44 PM
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OT Lower risk arb trade

PMM is a closed end muni fund of Putnam. It, subject to various conditions, will merge into an open end fund in Q1. Current discount to NAV is about 10%. Merger does not happen - discount is about as wide as it gets. Merger does happen - 10%. Getting cheap munis to boot.

Jon
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