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Politics : Ask Michael Burke
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To: Bonnie Bear who wrote (48245)2/22/1999 2:23:00 AM
From: Tim McCormick  Read Replies (1) of 132070
 
BB, most of the municipal CEFs are full of junk or use leverage to quote a high div. yld. If you have at least 10m, get a muni only broker to fax you the bid lists which circulate intrabroker and pick what you want to bid on. Sometimes you can assemble a portfolio of odd lots for cheap, as brokerages like to get them off the books by the end of a month. If you buy a bunch of odd lots, just don't plan on selling them before maturity as the bids will suck. :) Tim
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