CEF Heads Up: RiverSource LaSalle International Real Estate Fund (NYSE:SLS) to be acquired by mutual fund Columbia Real Estate Equity Fund (MUTF:CREEX) at NAV.
SLS up 8.9% on heavy volume. Current SLS NAV $9.03 share; share price $8.60--a 4.6% discount.
Is this worth a trade? Thoughts? Is this a trend?