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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (24187)	6/30/2006 5:43:44 PM
From: Madharry	Respond to of 78752

the problem is two fold: 1. they didnt vote themselves more options. they doubled their management fee from 1% to 2% of total assets, and on top of that their 20% incentive fee kicks in after 8% as opposed to 15%. 2. They used to provide information as to new investments made on a regular basis so one could sort of track their exposure. Now we cant reall do that anymore. so we are relying on their monthly NAV to get and idea of the size of the discount. Because of the increased management fees which come directly out of shareholders pockets and the lack of information I just dont see the shares selling at much of a premium to nav if at all. I would much rather by shares if the nav drops during the beginning of the new fiscal year