It seeks to provide shareholders with as high a level of current income exempt from federal and New Jersey income taxes as is consistent with its investment policies and prudent investment management by investing at least 80% of the Funds total assets in N
Monday, Jun 252012, 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. |Monday, Jun 252012, 4:40 PM| Comment!
Monday, Jan 32011, 4:45 PMReferring to developing countries as "the darling of the market," and saying the rush out of municipals is "overdone," a Citigroup strategist recommends buying cheap CDS on countries like Brazil while selling expensive protection on wealthy states like Connecticut and New Jersey. |Monday, Jan 32011, 4:45 PM| 3 Comments