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  • Blinded by fat yields, investors continue to bid closed-end funds far higher than their NAVs. 66% of taxable and 73% of muni-bond funds trade above NAV now, compared to just 30% a year ago, with often the funds with the highest distributions having the highest premiums. "We believe that an excessive premium for the fund is not likely to be sustainable," says Gabelli of one of its funds. Are investors listening? [View news story]
    I have 3035 shrs of PHK in my IRA which has a cost value of $40,600.00 and 965 shr in just my saving brokeage account with a cost value of $12,100.00. Should I keep or sell. If I sell what would get for these shrs.

    Any help or thoughts would be greatful.
    Oct 8, 2012. 04:48 PM | Likes Like |Link to Comment
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