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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (41078)	1/17/2011 7:56:14 AM
From: Bocor	Read Replies (1) of 78750

One other area of high tax free yield is the much beaten down muni market. Unless you believe all is well and rates are going to rise quickly, despite a housing market circling the drain, there are some good opportunities out there. I have actually been trading BPK due to the large price swings, but am in it again. It has always sold at a slight premium to NAV as it still does, but I like the portfolio, and a 9.44 taxable equivalent yield provides a decent reason for reaching out a little on risk. Also, pays monthly which I like. Share Price NAV Premium/ Discount Current $15.25 $14.21 7.32% 52 Wk Avg $15.88 $14.86 6.88% 52 Wk High $16.52 $15.39 10.13% 52 Wk Low $15.05 $14.21 1.27% Distribution Rate 6.14% Distribution Amount $0.0780 Distribution Frequency Monthly Taxable Equivalent Yield† 9.44%

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