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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (31618)	8/26/1998 8:04:00 PM
From: MoneyPenny	Read Replies (1) of 132070

A question on CEF's, namely CH Chile fund makes a $1.82 long term gain distribution in Sept. to holders of record 9/9. Since the fund is trading at $10 something and a huge discount as well as being off 50% or so, how does the fund get the shares for reinvestment. Do they buy them on the market or create new ones, making the fund worth less. Being a closed end fund, it seems the value of my already depressed shares could be further diluted by this distribution. Do you still like Chile? It's in an IRA so I'm very long but still wondering. Moneypenny.

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