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Banking and Financial
Published December 3, 2008, 3:19 am, Mondaq
The staff of the SEC's Division of Investment Management (the "Staff") issued a no-action letter in which it provided assurances that it would not recommend enforcement action under Section 17(d) of the Investment Company Act of 1940, as amended (the "1940 Act"), and Rule 17d-1 thereunder, if U.S. open-end investment companies registered under the 1940 Act (the "U.S. Funds") and certain foreign ...
Closed-End Bond Funds: a Rare Opportunity
Published December 1, 2008, 11:56 am, Barron's Online via Yahoo! Finance
Some savvy bond investors also are looking for the best values on the NYSE , in the form of cheap closed-end bond funds. While prices of corporate and mortgage securities have been hammered, prices of closed-ends have been beaten down even more, so they sell for 80 or even 70 cents on the dollar.
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