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


To: Merritt who wrote (59029)5/11/1999 10:47:00 AM
From: Knighty Tin  Respond to of 132070
 
Merritt, As a holder, I love it. As a portfolio manager, I hate it. Fixed distributions reduce discounts, which is good for holders. However, longer term, they guarantee that you sell more assets low than you sell when the prices are high. It is sort of like dollar cost averaging on the other side of the looking glass. So, my feelings are mixed. MB