Fundies who are not tracking the developments in the closed-end world may want to skip Monday's Wall Street Journal Fund Track column. In it, Ian Salisbury writes that high borrowing costs have already prompted at least one fund, the New America High Income Fund, to lower dividends. He adds that other companies--such as Nuveen Investments, Eaton Vance and Aberdeen Asset Management--have disclosed plans to redeem some expensive forms of debt and search for cheaper ways to borrow.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE