rmj

1 Comment

    • ON: Tue Apr 22nd 14:58 PM
      Commented on:
      Munis: Get a 5% Tax-Free Yield With the Bond King
      At least in the short term, since there is no maturity on these ARPS, the preferred holders have no liquidity alternative and therefore the equity holders of these closed-end funds will continue to enjoy the existing leverage. Morevover, given the recent sell-off of in munis the NAVs of these funds have more upside potential. So picking a fund that balances yield and discount to NAV may be a good short term bet?
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