Mark W

1 Comment

    • Munibond Funds Could Still Be Attractive [view article]
      I am heavily invested (unfortunately) in now illiquid ARPS to numerous closed end muni funds (CEF's) . If the bid to rescue the bond insurers AAA rating fails and then the muni bonds held in these CEF's are thus downgraded and thus lose value, and a month-end reconciliation of the "200% rule" is not met by the funds bond assets it will cause a mass liquidation to pay us ARPS holders off. That seems like a doomsday scenario but it may actually pay off for us ARPS holders in terms of returning our liquidity. Otherwise I don't foresee many ways of returning our liquidity and would appreciate anyone's input on this issue. Feb 23 12:49 PM
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