I agree with you in light of the massive unrealized capital gains. Management is not foolish and should anything occur, I suspect they would seek to many any transaction tax advantaged.
General American Investors: A Perennial Favorite [View article]
I have written about many closed end funds and am suprised by the total lack of interest in GAM. I have gotten 885 hits and no comments. I even mentioned it at GAM's annual meeting but they were simply amused. This is a billion dollar fund which seems to be trading under the radar. This may account for its discount.
Swiss Helvetia Offers Swiss Blue Chips At A 13% Discount [View article]
It is important to bear in mind that they have been taking care of other peoples' money for a very long time. Their primary goal is preservation with possible appreciation. I think they are doing their job properly. This fund will never be a super star but it will always continue to do what it does.
Boulder Total Return's 20% Discount To NAV Makes It A CEF Worth Holding [View article]
I happen to agree fully. BTF should not be your only investment and it is not for everyone. It is a very worthwhile investment for many people as part of a basket of other securities.
RENN Global: A Cheap, Interesting And Speculative CEF [View article]
From the data available I can not make a reliable evaluation. In writing the article, I only considered treasury notes and those investments which management has valued at a premium over cost.
EXG Is Failing To Generate The Income It Seeks [View article]
Central Securities Still Has Value [View article]
General American Investors: A Perennial Favorite [View article]
RENN Global: A Cheap, Interesting And Speculative CEF [View article]
General American Investors: A Perennial Favorite [View article]
General American Investors: A Perennial Favorite [View article]
Swiss Helvetia Offers Swiss Blue Chips At A 13% Discount [View article]
Central Securities Still Has Value [View article]
Swiss Helvetia Offers Swiss Blue Chips At A 13% Discount [View article]
Swiss Helvetia Offers Swiss Blue Chips At A 13% Discount [View article]
Boulder Total Return's 20% Discount To NAV Makes It A CEF Worth Holding [View article]
RENN Global: A Cheap, Interesting And Speculative CEF [View article]
RENN Global: A Cheap, Interesting And Speculative CEF [View article]
Economic Investment Trust: A Safe CEF With An Appealing Discount To NAV [View article]
RENN Global: A Cheap, Interesting And Speculative CEF [View article]