notices - See details
Notices
DM
David Merkel (not verified)
27th March 2013 | 10:33pm

Does it concern you at all that older cousin of CLOs, Closed-end Loan Participation funds, all trade at premiums to NAV?

http://online.wsj.com/mdc/public/page/2_3040-CEF41.html

It's rare for all of them to be at a premium at once. Really rare, I don't think I have ever seen it before.