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To: LemonHead who wrote (6939)	2/26/1999 10:33:00 PM
From: Bernie Goldberg	Read Replies (2) of 18928

Hi to all, First I want to thank everyone for the quick response on how to get italics. In response to Lemonhead these are CLOSED END FUNDS. They are funds but they are treated the same as stocks. site-by-site.com The above is an address where you can get an 18 page report on all the closed end funds in existence. They can also be found in Monday's Wall Street Journal. You'll get plenty of data at the web address. Most of the income funds pay dividends monthly. You can get the dividends in cash or if your broker provides it, they can be reinvested. If you invest $50,000 at 10.1% you will receive $5050 per year in dividends. What is a high NAV? A funds price is usually determined by its Net Asset Value which is the total value of everything it owns divided by the number of shares. The price of Closed End Funds however is determined by the market. If the Net Asset Value is higher than the price that fund is selling at a discount. That's usually considered good. Most literature on CLosed End Funds recommend only buying them when they are at a discount. Hope this helps. Bernie

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