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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (52948)12/6/2013 12:00:55 PM
From: Wallace Rivers  Read Replies (2) of 78742
 
I bought some ACG on the basis of the following seeking Alpha article. I have reviewed the fund charter, and these provisions do exist.
IMHO anything happening (conversion to open end) is not an absolute slam dunk - getting the issue to a vote, the vote passing with 2/3 majority, the time value of money while waiting.
Nonetheless, I thought it was worth a small bet. This CEF yields over 6% (it is levered), went ex earlier this week, with a monthly pay.
seekingalpha.com
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