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Politics : Ask Michael Burke

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To: The Perfect Hedge who wrote (33356)	11/7/1998 4:58:00 PM
From: Bonnie Bear	Read Replies (1) of 132070

BB and MB: re CEFs: A couple of good aggressive growth CEF funds are AMO and GAM. Their returns including dividends are astonishing. AMO is a hedge fund and moves into any market it can make a profit, and GAM is buying back shares. The ability of a CEF to kick out quarterly dividends for reinvestment, buy back shares and leverage its position with preferred offerings give a huge advantage over a mutual fund. Also you can can buy/sell, short-sell and stop-loss a CEF just like a stock. So it's probably a good choice for a mother-in-law. I constructed my core holdings with CEFs: DNP (utilities), RFI (REITs), RVT, OTCM, FUND (smallcap value), FT (bonds/utilities). OTCM and FUND should be kicking out their annual dividend in a few weeks, for anyone who chases dividends. The Mining Co site has the best CEF database. FWIW- Bonnie

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