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SLS Acquisition by Open End Fund at NAV

CEF Heads Up: RiverSource LaSalle International Real Estate Fund (NASDAQ:SLS) to be acquired by mutual fund Columbia Real Estate Equity Fund (MUTF:CREEX) at NAV.

SLS up 8.9% on heavy volume. Current SLS NAV $9.03 share; share price $8.60--a 4.6% discount.

Is this worth a trade? Thoughts? Is this a trend? 

Joe Eqcome

Disclosure: None