MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, March 17, 2008 Closed-End Investors Face Possible Dividend Reductions 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. Printed from: MFWire.com/story.asp?s=17703 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |