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Strategies & Market Trends : Young and Older Folk Portfolio

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To: Rincon v2.0 who wrote (21068)	10/7/2025 9:35:24 PM
From: jritz0	Read Replies (1) of 23022

RE: That downturn in April affected the entire stock market, not just PDI. It was a good buying opportunity. The premium/discount had no effect on that single fund when the entire market crashed. My point was the premium did have an effect and it would be more pronounced if the market didn't bounce back quickly. Compare the drop in NAV to the drop in price in early April below; high leverage, low credit quality and a large premium is an unholy alliance in my book if it looks like a correction is coming particularly due to a recession.

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