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Strategies & Market Trends : Closed End Global and Country Funds -- Ignore unavailable to you. Want to Upgrade?

To: Shoe who wrote (110)	11/12/1997 12:06:00 AM
From: LTK007	Read Replies (1) \| Respond to of 289

Thank you Shoe for response,I did locate the icefi site that Sharon mentioned,and from what I found there confirms what you say,that is, there are many worse than TY.In their recent performance category out of a group of 25 CEF funds with growth and income objective they are ranked 2 on NAV discount and 3 on market price.I also found via the Trust Net that it has a 70% Bullish rating for TY and projects a 40+ market price down-the-road. But it appears that somewhere between now and 1960,when my father made his 1st and only investment in TY--the stock went through some hard-times,as my father's purchase of 100shares cost 3,536.50,or 35+ per share.But since about 15 years ago it has just been relentlessly but quietly charting upwards.My fathers account was dividend in cash and cap-gain reinvest and I have made a ROUGH estimate that between the dividends received and stocks purchased through cap-gain reinvest the return has been 50 dollars for each dollar of his original investment-- that is based on the present market price of 28+ dollars.Now that is a classic example of buying and holding through thick and thin and turning a few dollars into many many dollars. Also,it appears that J.W.Seligman have done an excellent job with this fund--and the portfolio manager Charles Smith is doing a fine job.Yes,I agree this is a 1st-rate CEF. Maxfield G.