redbaron

The Compelling Case for Converting Adams Express into an Active ETF

There are plenty of other well managed CEFs, many of them trading at very large discounts to use to replace ADX in any portfolio. I am not married to ADX, and could use RVT, HQL, FGI, PEO, or any number of other CEFs to replace ADX, should it be opened ended or converted to an ETF. Such a possibility is why I bought ADX in the first place, and management's interest is the only reason I can see that one would oppose such a move. I can see why management would be opposed, but why would investors/owners be opposed?

The Compelling Case for Converting Adams Express into an Active ETF

Great Idea! I hope it happens. Disclosure: (perhaps not needed given my stated position), long ADX in all accounts.

If converting ADX is good, would not converting PEO (Petroleum and Resources) to an ETF be even better? PEO is a sister fund to ADX. I'm long PEO also. PEO is one of ADX's largest holdings.