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George Spritzer » Comments » BTF
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Three Closed-End Funds of Funds [View article]
If you re-read my blog article again, I did say that the "double discount" only applied to the energy portion of the ADX portfolio. Your 14% overall portfolio discount is about right however, and I should have also included that calculation to avoid confusion. The calculation would become much more confusing if PEO decided to buy some ADX because of the circularity.