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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (98442)4/1/2003 5:16:21 PM
From: Dave Feldman  Read Replies (1) | Respond to of 132070
 
I have a small position in The India Fund and just received its shareholder ballot. IFN is proposing converting to an interval fund, with shareholders allowed to sell shares to the fund at/near NAV for a 2% fee.

I can see how this would tend to keep the discount at a minimum, but there are obvious inherent problems, too, including increased expenses and decreased liquidity.

What do you think?


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