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
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. | Jun. 25, 2012, 4:40 PM | Comment!
Jan. 3, 2011, 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. | Jan. 3, 2011, 4:45 PM | 3 Comments