SA News • Wed, Nov. 12
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Wed, Nov. 12, 12:53 PM| Comment!
Jun. 25, 2012, 4:40 PMIn conjunction with the Moody's bank downgrades last week was a ratings cut on about $5.4B of preferred securities issued by some closed-end municipal bond funds. The move could ripple through the industry, possibly raising borrowing costs for the funds should money-market holders of the preferred be forced to sell. | Comment!
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To provide shareholders with current income exempt from Federal income tax and Florida intangible personal property tax by investing primarily in a portfolio of long-term investment grade municipal obligations the interest on which is exempt from federal i
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