NEW CLOSE END FUNDS
BOND100
04-23-2007, 8:29 PM | Post #199256 |
76 Replies
Few new funds are coming up:
1. Seligman LaSalle International Real Estate Fund.
LINKI hope these links did work.
Originally posted in thread: 1746
76 Replies
MANY NEW CLOSE END FUNDS
04-23-2007, 8:45 PM | Post #2378109
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Few new funds are coming up:
1. Seligman LaSalle International Real Estate Fund.
http://sec.gov/Archives/edgar/data/1392577/000119312507087809/dn2a.htm
2.JOHN HANCOCK TAX-ADVANTAGED GLOBAL SHAREHOLDER YIELD FUND
http://sec.gov/Archives/edgar/data/1396502/000089843207000323/facingpage_n-2.txt
3.COHEN & STEERS GLOBAL INCOME BUILDER
http://sec.gov/Archives/edgar/data/1395057/000089968107000295/cohen-n2_041907.htm
4. I am not sure about this one :
HARRIS & HARRIS GROUP
http://sec.gov/Archives/edgar/data/893739/000114420407020099/v072185_n2a.htm
5. Advent/Claymore Global Convertible Securities & Income
http://sec.gov/Archives/edgar/data/1391461/000110465907030058/a07-10598_1n2a.htm
6. ALPINE GLOBAL PREMIER PROPERTIES FUND
http://sec.gov/Archives/edgar/data/1390195/000110465907030001/a07-4784_3n2a.htm
7. MORGAN STANLEY EMERGING MARKETS DOMESTIC DEBT FUND
http://sec.gov/Archives/edgar/data/1388141/000095013607002650/file1.htm
8. PIONEER DIVERSIFIED HIGH INCOME TRUST
http://sec.gov/Archives/edgar/data/1388126/000095013507002343/b63910a2nv2za.txt
9. Highland Credit Strategies Fund
http://sec.gov/Archives/edgar/data/1356115/000134100407001306/highland_n-2.txt
Thomas
Originally posted in thread: 1746
New CEFs
04-24-2007, 3:53 AM | Post #2378227
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Thanks Thomas!
It's always nice to see what's coming up.
Steve
Originally posted in thread: 1746
HARRIS & HARRIS GROUP A VENTURE CAPITAL CO.
04-24-2007, 7:58 PM | Post #2378678
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This is part of the N-2 registration:
"Harris & Harris Group, Inc., is a venture capital company specializing in tiny technology that operates as a business development company under the Investment Company Act of 1940."
"We are an internally managed investment company; that is, our officers and employees, rather than an investment adviser, manage our operations under the general supervision of our Board of Directors. Our investment objective is to achieve long-term capital appreciation, rather than current income, by making venture capital investments in early-stage companies. Our approach includes patient examination of available early stage opportunities, thorough due diligence and close involvement with management."
Thomas
Originally posted in thread: 1746
Two new Cohen and Steers CEFs today too
04-24-2007, 9:14 PM | Post #2378714
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One called Global Real Estate Income Opportunities.
Of more interest to me is why the underwriters of AWP pulled all of the information about the fund (except the prospectus) three weeks ago from the Alpine website. Any ideas, grey beards? I say "underwriters" because it's a fact. One can still find what was pulled through Google, but as far as the website, it's gone.
Denny
Originally posted in thread: 1746
Harris & Harris
04-25-2007, 3:13 AM | Post #2378794
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This is actually just a secondary offering for the venture capital company which trades under the ticker TINY.
Steve
Originally posted in thread: 1746
TINY
04-25-2007, 7:04 AM | Post #2378822
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I own TINY. It's one of my bingo stocks. It focuses on nanotechnology and has a longer history than all of the nanotechnology indexes that have sprung up in the last 2-3 years althouh there is tremendous overlap. Sawtooth chart and no dividends.
Roberta
Originally posted in thread: 1746
Continue New CEFs
04-25-2007, 7:23 PM | Post #2379129
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1. NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
http://www.sec.gov/Archives/edgar/data/1266585/000119312507088942/dn2a.htm
2. Nuveen Multi-Currency Short-Term Government Income Fund
http://www.sec.gov/Archives/edgar/data/1390109/000119312507088970/dn2a.htm
3. ALPINE GLOBAL PREMIER PROPERTIES FUND
http://www.sec.gov/Archives/edgar/data/1390195/000110465907031011/a07-4784_3n2a.htm
4. BlackRock International Growth and Income Trust
http://www.sec.gov/Archives/edgar/data/1393299/000104746907003180/a2177331zn-2a.htm
Thomas
Originally posted in thread: 1746
Continue New CEFs
04-27-2007, 9:59 PM | Post #2380303
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1. RMR ASIA REAL ESTATE FUND--(RAF)
http://www.sec.gov/Archives/edgar/data/1385617/000104746907003270/a2177377zn-2a.htm
2. Nuveen Tax-Advantaged Dividend Growth Fund
http://www.sec.gov/Archives/edgar/data/1397173/000119312507093706/dn2a.htm
3. First Trust/Gallatin Specialty Finance and Financial
Opportunities Fund
http://www.sec.gov/Archives/edgar/data/1392994/000087562607001019/gallatin_n2a.txt
Thomas
Originally posted in thread: 1746
Continue New CEFs
05-15-2007, 7:54 PM | Post #2387507
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1. CORNERSTONE PROGRESSIVE RETURN FUND
http://sec.gov/Archives/edgar/data/1399186/000090901207000788/t303409.txt
2. IRON LEAF CAPITAL CORPORATION
http://sec.gov/Archives/edgar/data/1391982/000095012307007415/y32304a1nv2za.htm#101
Thomas
Originally posted in thread: 1746
Thanks for the info
05-15-2007, 9:09 PM | Post #2387536
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Quite interesting; always reading about all kinds of new funds coming into the arena but first time i've seen any sort of listing. Right now not to interested but maybe a year from now....
Is there anything startling different about any of these newby's or is more of the same sliced a little differently?
Originally posted in thread: 1746
Gerry
05-15-2007, 9:55 PM | Post #2387554
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The one which is different then the others is
IRON LEAF CAPITAL CORPORATION.
This is a company that I never heard before.
This new CEF is concentrating on the environment.
They will have portfolio investments in companies
which they define has a positive impact, classified as Socially Responsible Investments.
Here are their three main sectors they will focus on:
Healthy Living - natural and organic foods, supplements, personal care, alternative medicine, medical devices, health technology and services, health and fitness and education.
Environmental Services - environmental remediation, as well as technologies and services related to environmental remediation, green pricing programs, carbon offsets, and waste-saving products and technologies, including recycling.
Sustainable Economy - green building, alternative energy sources and fuels, eco-tourism, hybrid vehicles, fair trade and living wage products and services, home furnishings and supplies, natural pet products, cleaners, and apparel, and technologies that provide energy savings through improved efficiency or processes.
I will be watching this CEF, it is
concentrating on environmentally friendly companies.
I think it has a good economic growth, and I believe
this is critical for us and the plant.
Best wishes
Thomas
Originally posted in thread: 1746
Cornerstone Progressive Return Fund
05-16-2007, 3:28 AM | Post #2387596
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I almost fell off my chair when I saw that one.
There will be no more wondering about which CEF will turn into the next CLM or CRF. Whether Ralph Bradshaw succeeds in getting himself elected to the PBF board makes no difference. The next CLM or CRF is on the horizon in the form of a new Cornerstone IPO.
This one will also pay level rate distributions without regard to net investment income.
Nice find Thomas, and thanks again for bringing us the latest in IPO filings.
Best,
Steve
Originally posted in thread: 1746
Continue New CEFs
05-16-2007, 8:23 PM | Post #2387972
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Nicholas-Applegate Global Equity & Convertible Income Fund
http://sec.gov/Archives/edgar/data/1398481/000119312507115926/dn2.htm
Originally posted in thread: 1746
answer for #4 Denny
05-17-2007, 12:26 AM | Post #2388040
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Of more interest to me is why the underwriters of AWP pulled all of the information about the fund (except the prospectus) three weeks ago from the Alpine website. Any ideas, grey beards?
First and foremost, I'm not a grey beard. LOL!
Second, why would you expect them to keep the red herring on the website? A red herring is distributed/available only for IPOs, not for stocks, CEFs, etc already trading publicly. The correct and most current data is provided by the prospectus.
Regards,
Susan
Originally posted in thread: 1746
Continue New CEF
05-22-2007, 7:28 PM | Post #2390361
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1. RMR ASIA REAL ESTATE FUND
ticker symbol--RAF
http://sec.gov/Archives/edgar/data/1385617/000104746907004507/a2177377zn-2a.htm
Thomas
Originally posted in thread: 1746
Susan: AWP
05-22-2007, 7:52 PM | Post #2390369
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I don't understand your point about a "red herring" concerning AWP pulling all of the information about the offering three weeks prior to the IPO when this was not done with either the AGD or AOD IPO.
I did not read your post until today and would appreciate an explanation of your response.
Originally posted in thread: 1746
Continue New CEFs
05-26-2007, 10:38 PM | Post #2392182
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1. DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND
http://www.sec.gov/Archives/edgar/data/1396167/000110465907042805/a07-14625_1n2a.htm
2. VAN KAMPEN DYNAMIC CREDIT OPPORTUNITIES FUND
http://www.sec.gov/Archives/edgar/data/1393662/000095013707008016/c13889a1nv2za.txt
3. CALAMOS GLOBAL DYNAMIC INCOME FUND
http://www.sec.gov/Archives/edgar/data/1396277/000095013407012319/c14082a1nv2za.txt
4. DIVIDEND CAPITAL STRATEGIC GLOBAL REALTY FUND
http://www.sec.gov/Archives/edgar/data/1347384/000119312507123232/dn2a.htm
5. MAN DUAL ABSOLUTE RETURN FUND
http://www.sec.gov/Archives/edgar/data/1399657/000089843207000424/form_n-2.txt
6. DWS RREEF World Real Estate & Tactical Strategies
Fund, Inc.
http://www.sec.gov/Archives/edgar/data/1395999/000095012307007983/y33011a1nv2za.htm
Thomas
Originally posted in thread: 1746
#16 Denny
05-28-2007, 7:30 AM | Post #2392538
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Since AWP still had not yet IPO'd at the time of your post #4, I could only conclude that the information provided was
-1- very general and/or
-2- merely the
red herring provided in an IPO to prospective investors.
Once an IPO has come to pass, the red herring aka preliminary prospectus is obsolete and an actual prospectus with more complete data is made available to the public.
An issuing company cannot actively solicit investors. Exactly
how they are legally allowed to drum up business for an IPO is like walking a fine line. This applies to ALL issuers of all types... bonds, stocks, ETFs, CEFs and OEFs, etc. IMO, internet access to company websites makes it even more difficult for them to define what and
when any information, however vague (ie red herrings), is allowed to be placed on their websites.
Some companies prefer to interpret the laws in the very strictest sense. For example, even when I knew MAPIX Matthews Asia Pacific Equity Income's IPO was imminent, the matthewsfunds.com site didn't even have a whisper that the fund existed. When I called to confirm why they had not even a blurb about it on the site, I was told that they could give general replies to direct unsolicited questions and nothing else.
I hope this clarifies my #14 reply. If you found it condescending, that was not my intent.
Regards,
Susan
Originally posted in thread: 1746
correction
05-28-2007, 7:31 AM | Post #2392540
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my #4 reply.
Regards,
Susan
Originally posted in thread: 1746
I give up
05-28-2007, 7:35 AM | Post #2392542
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my post was #14 and yours was #4. My bad.
Regards,
Susan
Originally posted in thread: 1746
Susan: AWP
05-28-2007, 9:32 AM | Post #2392573
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Hi Susan.
Alpine removed all of the investor information about AWP (the "investor piece") including the red herring from their website three weeks before the IPO due to a decision by Merrill Lynch. ML was concerned about individual investors' (!) having access to the IPO materials outside ML's and the rest of the syndicate's control, i.e., they prefer that materials are delivered by the individual's financial advisor to ensure delivery of the red herring and not just the "investor piece."
The final N-2 (with the final prospectus) was approved April 26.
I posted my question after noting that all of the information about AWP was pulled, didn't know why, and had never seen this occur before regarding a website posting IPO material. It had become a "tabula rasa." At first I thought that something was wrong with their website! But the last laugh is now on me -- "mort de rire."
Thanks for your reply and the additional information. And no, I didn't think that the reply was condescending. I was just confused about the whole issue, moot now, but nonetheless still a good learning lesson for me.
It was good to hear from you. Take care,
Denny
Originally posted in thread: 1746
Continue New CEFs
05-31-2007, 6:45 PM | Post #2394084
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1. Highland Capital Multi-Strategy Fund
http://sec.gov/Archives/edgar/data/1401290/000095013407012519/d47129nv2.htm
2. Global Real Estate Fund of Funds I-A, L.P.
http://sec.gov/Archives/edgar/data/1400766/000134100407001721/blackcreek_n2.txt
3. CLAYMORE/GUGGENHEIM STRATEGIC OPPORTUNITIES FUND
http://sec.gov/Archives/edgar/data/1380936/000134100407001732/ch593279-18.txt
Thomas
Originally posted in thread: 1746
Claymore/Guggenheim
06-05-2007, 3:54 PM | Post #2396234
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Would that be "Crazy Guggenheim"?
Managed by Frank Fontaine no doubt.
Steve
Originally posted in thread: 1746
Intresting New CEF from BlackRock
06-16-2007, 12:29 AM | Post #2400603
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BLACKROCK ALTERNATIVE ENERGY AND RESOURCE TRUST
The Trust seeks to achieve its investment objective by investing primarily in equity securities issued by companies that are directly or indirectly engaged in one or more of the Alternative Energy, Water Resources
and Agriculture business segments and utilizing an option strategy to enhance current gains.
the "Alternative Energy" business segment to include products, technologies and services
directly or indirectly connected to the efficient use of energy or to the provision or manufacture of alternative forms of energy (e.g., wind, solar and
hydroelectric power), including renewable energy, energy infrastructure, energy generation and distribution, energy storage and energy enabling technology;
(ii) the "Water Resources" business segment to include products, technologies and services directly or indirectly connected to the provision of potable and
non-potable water; the disinfection or desalination of water; the production,
filtering, storage and distribution of water; water control; water surveys;
water infrastructure; and the improvement of water quality.
Distribution
Commencing with the Trust's initial dividend, the Trust intends to make regular monthly cash distributions of all or a portion of its investment
company taxable income to common shareholders.
Thomas
Originally posted in thread: 1746
Continue New CEFs
06-16-2007, 2:29 PM | Post #2400812
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1. RMR DIVIDEND CAPTURE FUND
http://sec.gov/Archives/edgar/data/1403301/000104746907005035/a2178472zn-2.htm
2. FIRST TRUST ACTIVE DIVIDEND INCOME FUND
http://sec.gov/Archives/edgar/data/1403275/000087562607001398/fav_n2.txt
Thomas
Originally posted in thread: 1746
Continue New CEFs
06-23-2007, 9:15 PM | Post #2403881
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1. COHEN & STEERS GLOBAL INCOME BUILDER, INC.
http://www.sec.gov/Archives/edgar/data/1395057/000119312507140197/dn2a.htm
2. EATON VANCE RISK-MANAGED DIVERSIFIED EQUITY INCOME FUND
http://www.sec.gov/Archives/edgar/data/1395325/000095013507003798/b65614a1nv2za.txt
3. Delaware Enhanced Global Dividend and Income Fund
http://www.sec.gov/Archives/edgar/data/1396167/000110465907049384/a07-14625_1n2a.htm
4. Calamos Global Dynamic Income Fund
http://www.sec.gov/Archives/edgar/data/1396277/000095013707009050/c14082a2nv2za.txt
Thomas
Originally posted in thread: 1746
Continue New CEFs
06-25-2007, 8:57 PM | Post #2404579
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1. DWS RREEF World Real Estate & Tactical Strategies Fund, Inc.
http://www.sec.gov/Archives/edgar/data/1395999/000095012307009178/y33011a2nv2za.htm
2. Nuveen Tax-Advantaged Dividend Growth Fund
http://www.sec.gov/Archives/edgar/data/1397173/000119312507141905/dn2a.htm
3. MLP & Strategic Equity Fund Inc.
http://www.sec.gov/Archives/edgar/data/1389611/000119312507141956/dn2a.htm
Thomas
Originally posted in thread: 1746
Continue New CEFs
06-26-2007, 10:39 PM | Post #2404990
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1. VAN KAMPEN DYNAMIC CREDIT OPPORTUNITIES FUND
http://sec.gov/Archives/edgar/data/1393662/000095013707009154/c13889a2nv2za.txt
2. Claymore/Guggenheim Strategic Opportunities Fund
http://sec.gov/Archives/edgar/data/1380936/000110465907050002/a07-16972_1n2a.htm
3. Dividend Capital Strategic Global Realty Fund
http://sec.gov/Archives/edgar/data/1347384/000119312507143139/dn2a.htm
Thomas
Originally posted in thread: 1746
Continue New CEFs
06-28-2007, 8:56 PM | Post #2405859
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1. Kayne Anderson Energy/Infrastructure Fund, Inc.
http://sec.gov/Archives/edgar/data/1398953/000095012407003454/v29937p1nv2za.htm
Thomas
Originally posted in thread: 1746
Continue New CEF
06-30-2007, 7:47 AM | Post #2406406
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1. Old Mutual Tax-Advantaged Equity Income Fund
http://sec.gov/Archives/edgar/data/1403617/000120677407001705/oldmutualtaxadvequity_n2.htm
Thomas
Originally posted in thread: 1746
Credit Suisse fund of hedge funds
07-03-2007, 10:03 PM | Post #2407816
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The Funds are designed solely for investment by certain tax-deferred and tax-exempt members
("Tax-Exempt Members").
Credit Suisse Alternative Capital Multi-Strategy Institutional Fund, LLC ("Multi-Strategy Fund") and Credit Suisse Alternative Capital Long/Short Equity
Institutional Fund, LLC ("Long/Short Equity Fund") (each singly a "Fund" and together the "Funds") are Delaware limited liability companies registered under
the Investment Company Act of 1940, as amended (the "1940 Act"), as closed-end management investment companies.
Each of the Funds is a feeder fund that invests
indirectly in a corresponding master fund (each singly a "Master Fund" and together the "Master Funds") that is a fund of hedge funds.
http://sec.gov/Archives/edgar/data/1303473/000089843207000545/formn_2.txt
Thomas
Originally posted in thread: 1746
Continue New CEFs
07-03-2007, 10:04 PM | Post #2407817
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1. STONE HARBOR LOCAL MARKETS INCOME FUND
http://sec.gov/Archives/edgar/data/1399403/000110465907052197/a07-14178_2n2a.htm
Thomas
Originally posted in thread: 1746
Continue New CEF
07-09-2007, 9:37 PM | Post #2410512
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Claymore Emerging Markets Opportunities Fund
http://www.sec.gov/Archives/edgar/data/1404871/000134100407002061/formn2.txt
Originally posted in thread: 1746
Continue New CEF
07-10-2007, 9:52 PM | Post #2411019
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Euro STOXX 50 Premium & Dividend Income Fund Inc.
http://sec.gov/Archives/edgar/data/1405651/000119312507152773/dn2.htm#toc53792_16
Originally posted in thread: 1746
Continue New CEF
07-11-2007, 7:20 PM | Post #2411403
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NUVEEN TAX-ADVANTAGED DIVIDEND GROWTH FUND
http://sec.gov/Archives/edgar/data/1397173/000095013707009884/c16142nv2.txt
Thomas
Originally posted in thread: 1746
Continue New CEF
07-16-2007, 7:31 PM | Post #2413519
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Evergreen Diversified Income Opportunties Fund
http://sec.gov/Archives/edgar/data/1406291/000090724407000520/wrappern2.htm
Originally posted in thread: 1746
Is Post 36
07-16-2007, 7:58 PM | Post #2413531
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referencing EOD, or is this another new Evergreen Fund?
Not a whole lot of creativity in the new funds--many are copycatting what appears to be working in the IPO market--either tax-advantaged dividend income (usually with a kicker of DC or CC writing) and world real estate.
Originally posted in thread: 1746
ERV is the newst Evergreen IPO
07-17-2007, 4:04 AM | Post #2413671
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Evergreen Diversified Income Opportunities FundERV will be a monthly payer.
As you said, doesn't look like anything "new" strategy wise.
Principal Investment Strategies
Under normal market conditions, the Fund will pursue its investment objectives by investing in a wide variety of income-producing securities selected by the Advisors to create a diversified portfolio offering attractive current income and the potential for growth of capital. The Advisor will use both a "top-down" and "bottom-up" approach in managing the Fund. The Advisor will consider global economic, financial, and political conditions in order to identify geographical or industry sectors that it believes are likely to experience favorable growth rates. The Advisor will then perform detailed analysis on specific companies, and on the securities offered by those companies - common and preferred stocks, convertible securities, debt securities - in order to construct a portfolio of companies and securities that it believes offers attractive current income and the potential for growth of capital. The Advisor will typically attempt to identify industries growing at rates above historical or anticipated long-term economic growth rates and out-of-favor industries that it believes may be positioned to experience favorable rates of growth. The Advisor looks for companies that exhibit characteristics such as, for example, market leadership, strong management, and a defensible business niche within a particular industry.
The Fund may take advantage of the full range of investments that may offer opportunities for current income and/or growth of capital. These investments will include investment grade debt securities, common and preferred stocks, and securities convertible into common and preferred stocks. The Fund will normally invest in debt securities rated below investment grade, write call and put options on securities or groups of securities and on indices, and use various other derivatives strategies. A portion of the Fund's investments in debt securities will likely include mortgage-backed securities, including collateralized mortgage obligations, and various structured products, such as CBOs and CLOs, selected by the Sub-Advisor. Allocation of the Fund's portfolio among different types of securities or other instruments will depend on the Advisor's investment outlook, including its evaluation of the potential benefits and risks of those securities and other instruments.
Originally posted in thread: 1746
New CEF
07-19-2007, 7:36 PM | Post #2414897
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FEDERATED ENHANCED TREASURY INCOME FUND
http://sec.gov/Archives/edgar/data/1406591/000089843207000587/form-n2.txt
Thomas
Originally posted in thread: 1746
New CEFs
07-21-2007, 7:20 PM | Post #2415660
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1. DWS Dreman Enhanced Total Return Fund, Inc.
http://sec.gov/Archives/edgar/data/1407242/000095013707010279/c16675nv2.htm
2. HIGHLAND EVENT DRIVEN FUND
Objective
The Fund's investment objective is to achieve total returns in various market conditions without excessive risk of capital. Total returns are a combination of income and gains.
will invest primarily in debt or equity securities of companies (both domestic and foreign)
in anticipation of significant events,such as leveraged buyouts, management buyouts, going private transactions, corporate reorganizations involving stubs, spin-offs,liquidations and recapitalizations, and arbitrage transactions, including but not limited to,capital structure arbitrage, pair trades, and merger arbitrage. The Fund may also invest in debt and equity securities of companies (both domestic and private) involved in publicly
announced mergers, takeovers, tender offers and leveraged buyouts and,to a lesser extent, in corporate reorganizations involving stubs, spin-offs and liquidations.The key determinants of the profitability of many of these transactions are the probability that the deal will close,
the length of time to closing, the likelihood that the deal price will be increased or decreased and the level of short-term interest rates. The Fund's investment objective is not fundamental and may be changed by the Fund.
http://sec.gov/Archives/edgar/data/1406286/000089843207000601/hedf_n2.txt
Thomas
Originally posted in thread: 1746
New CEFs
08-03-2007, 7:48 PM | Post #2421465
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1. Eaton Vance Credit Opportunities Fund II
http://sec.gov/Archives/edgar/data/1408674/000089843207000672/0000898432-07-000672-index.htm
2. Tortoise Power and Energy Income Company
http://sec.gov/Archives/edgar/data/1408201/000092290707000527/formn2_080107.htm
Thomas
Originally posted in thread: 1746
NEW CLOSE END FUNDS
08-24-2007, 9:58 PM | Post #2429706
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1. PIMCO High Yield Municipal Income Fund
http://www.sec.gov/Archives/edgar/data/1409953/000119312507186693/dn2.htm
2. non-transferable rights from LIBERTY ALL-STAR EQUITY
FUND
http://www.sec.gov/Archives/edgar/data/799195/000089843207000751/n2.txt
Thomas
Originally posted in thread: 1746
New CEF
08-29-2007, 7:37 PM | Post #2431480
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1. Tortoise Total Return Fund
http://www.sec.gov/Archives/edgar/data/1402740/000092290707000568/formn2_082807.htm
Originally posted in thread: 1746
Blackrock Ecosystems
09-08-2007, 11:02 AM | Post #2434922
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"BlackRock EcoSolutions Investment Trust (the "Trust") is offering shares of common stock that will trade on the NYSE under the symbol BQR. Pricing is expected September 25, 2007. Anticipated pricing will be in the range of $20 per share with an anticipated yield of 8.00 - 8.50% based on initial offering price for the trust.
The Trust is a newly organized, diversified, closed-end management investment company. The Trust's investment objectives are to seek current income, current gains, and long-term capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in equity securities issued by companies that are engaged in one or more of the New Energy, Water Resources, and Agriculture business segments and secondarily, utilizing an option strategy to enhance current gains."
Originally posted in thread: 1746
Thank you
09-09-2007, 9:13 AM | Post #2435151
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Bill for the information.
I was wondering what was going on with this fund.
Thomas
Originally posted in thread: 1746
Re: Continue New CEF
09-30-2007, 12:31 PM | Post #2443373
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Tortoise Gas and Oil Corporation
http://www.sec.gov/Archives/edgar/data/1406906/000092290707000627/formn2_092407.htm
Thomas
Re: Continue New CEF
09-30-2007, 1:10 PM | Post #2443383
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Interesting that Tortoise has yet another new offering in the line up, since they have not yet launched the one they filed on August 1st.
Tortoise Energy & Income Fund
Steve
Common Shares for EOE/EATON VANCE CREDIT OPPORTUNITIES
10-05-2007, 4:05 PM | Post #2445250
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Preferred Stock are offered from GAB
10-11-2007, 5:31 PM | Post #2447254
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http://sec.gov/Archives/edgar/data/794685/000095012307013760/y40737nv2.htm
Thomas
NEW Auction Preferred and new BDC
10-16-2007, 5:07 PM | Post #2448618
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TORTOISE GAS & OIL CORP---(TGO)
10-17-2007, 7:25 PM | Post #2449023
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http://sec.gov/Archives/edgar/data/1406906/000095013707015659/c19187nv2.htm
Re: NEW CLOSE END FUNDS
10-18-2007, 4:54 PM | Post #2449348
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VAN KAMPEN GLOBAL EQUITY DIVIDEND & INCOME FUND
http://www.sec.gov/Archives/edgar/data/1414222/000095013707015706/c18528nv2.txt
RMR DIVIDEND CAPTURE FUND
10-19-2007, 4:54 PM | Post #2449622
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Re: NEW CLOSE END FUNDS
10-26-2007, 3:08 PM | Post #2451383
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CALAMOS CONVERTIBLE & HIGH INCOME FUND
http://www.sec.gov/Archives/edgar/data/1222719/000095013707016031/c19445nv2.htm
CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND
http://www.sec.gov/Archives/edgar/data/1171471/000095013707016023/c19270nv2.htm
CALAMOS GLOBAL TOTAL RETURN FUND
http://www.sec.gov/Archives/edgar/data/1285650/000095013707016022/c19483nv2.htm
CALAMOS STRATEGIC TOTAL RETURN FUND
http://www.sec.gov/Archives/edgar/data/1275214/000095013707016021/c19540nv2.htm
ALPINE RISING DYNAMIC DIVIDEND FUND
11-07-2007, 4:08 PM | Post #2454596
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$27 billion in new funds this year.
11-08-2007, 5:05 AM | Post #2454738
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Just wanted everyone to note that there has been over $27 bn in new funds issued through the end of October this year, mostly in the earlier part of the year. That compares to only $8 bn last year. Will there be a sell off at year-end?
Re: $27 billion in new funds this year.
11-08-2007, 2:19 PM | Post #2454857
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If you are referring to tax loss selling on some of the 2007 crop of CEF IPOs then I would say yes, I expect quite a few to present good buying opportunities.
The $27 billion you mentioned was spread over 37 IPOs this year.
For a full list try this link from the CEFA web site.
http://www.closed-endfunds.com/IPOs/Content/Default.fs
Thomas, thanks for continuing this thread with new CEf listings. I find it very useful and saves me a lot of time!
Best,
Steve
New FUND FROM ING.
11-13-2007, 7:09 PM | Post #2456311
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Claymore China Strategy Fund
12-12-2007, 7:46 PM | Post #2464199
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Hello,
The symbol for the fund is AIC.
http://www.sec.gov/Archives/edgar/data/1412500/000134100407003129/casn2a1.htm#ProspectusSummary
Thomas
New CEFs
12-21-2007, 4:37 PM | Post #2467600
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Re: New CEFs
12-22-2007, 8:42 AM | Post #2467798
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I sure pity the suckers that will buy into the IPO of the GLOBAL REAL ESTATE INVESTMENTS FUND.
First, it is being pedaled in $1000 certificates comprised on a "variable number of shares" beginning at $10 per share. That's a big red flag as far as I'm concerned.
Second, the sales load on the IPO is a staggering 8.5%! That's unheard of in today's market. I think I paid 8% on broker commissions back in the early 70s, if I'm remembering it right.
The CEF will be a rare "Interval Fund" with annual share repurchases of at least 5% and continuous offerings of shares.
Finally, the fund says:
"The Board of Trustees intends
to consider the conversion of the Fund to an open-end investment company
or the listing of the Fund’s shares on a national stock exchange
by December 31, 2015."
So, an interesting fund indeed. Should be fun to watch this one develop.
As always, thanks to Thomas for the heads up on the SEC filing. Much appreciated.
Happy holidays to all,
Steve
Nuveen Credit Strategies Fund
01-11-2008, 10:45 PM | Post #2475490
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Nuveen Municipal High Income Opportunity Fund 3
01-18-2008, 6:29 PM | Post #2478059
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Nuveen Connecticut Municipal Income Opportunity Fund
01-28-2008, 5:13 PM | Post #2481865
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ING Infrastructure Development Equity Fund
02-08-2008, 5:42 PM | Post #2485784
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Re: NEW CLOSE END FUNDS
02-10-2008, 10:04 AM | Post #2486213
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I'll be interested in the ING IDE Infrastructure fund once it gets past the IPO stage. Infrastructure as a play, especially in the EM world looks decent. This one will have pretty broad definition including transport and telecommunications so is quite broad. It will also sell calls on up to 1/3 of its holdings, so should be extra income, if limiting the upside in a real market surge.
I sold MFD, which was my play here, as it had started getting beaten up pretty well and the price had risen to 10% premium. I made a nice gain and got the distys while I held it. May buy it back when it looks to maybe have hit a bottom and if it goes back to a discount.
DREYFUS HIGH YIELD MUNICIPAL INCOME FUND
02-11-2008, 6:25 PM | Post #2486752
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Dreyfus Emerging Currency & Income Fund
02-20-2008, 6:04 PM | Post #2489798
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FIRST TRUST/STONECASTLE BANK SELECT INCOME FUND
02-22-2008, 11:17 PM | Post #2490655
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New CEF from Morgan Stanley
05-14-2008, 7:53 PM | Post #2517902
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Hello,
This fund is an opportunity to invest in countries which are not
in the MSCI Index.
Frontier emerging market countries currently include: Albania, Algeria,
Angola, Azerbaijan, Bahrain, Bangladesh, Belarus, Bosnia, Botswana, Bulgaria,
Cambodia, Croatia, Ecuador, Estonia, Georgia, Ghana, Ivory Coast, Jamaica,
Jordan, Kazakhstan, Kenya, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Libya,
Lithuania, Macao, Maldives, Mauritius, Mongolia, Montenegro, Morocco, Namibia,
Nigeria, Oman, Panama, Qatar, Romania, Saudi Arabia, Slovenia, Sri Lanka,
Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Ukraine, United Arab
Emirates, Uzbekistan, Vietnam and Zambia.
Here is the link
http://www.sec.gov/Archives/edgar/data/1434130/000110465908032493/a08-13845_1n2.htm
Thomas
Re: New CEF from Morgan Stanley
05-14-2008, 8:12 PM | Post #2517912
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Thanks Thomas!
This CEF will plug a big coverage gap in my portfolio. Believe it or not, I have zero investments in Albania.
Now, if I can only find one that is over weighted in Myanmar, I'd be set!
:-)
Steve
Re: New CEF from Morgan Stanley
05-15-2008, 7:44 PM | Post #2518273
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Steve,
It is good you did not mentioned the United Arab
Emirates,
Kuwait or Bahrain which are this listed there.
Their neighbors from Dubai, The Dubai Fund handed 11 Billion dollars to Citygroup to save them.
Here is the link
http://www.iht.com/articles/ap/2008/03/04/business/NA-FIN-US-Citigroup.php
Thomas
TCW Commodity Strategy and Income Fund, Inc.
05-27-2008, 8:12 PM | Post #2522151
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Re: New CEF from Morgan Stanley
07-21-2008, 8:17 PM | Post #2541977
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The CEF from MS has a ticker name FFD.
IPO date not known.
New N-2
THE
GABELLI NATURAL RESOURCES, GOLD & INCOME TRUST.
http://www.sec.gov/Archives/edgar/data/1438893/000134100408001636/gabn_2.htm
Thomas
Highland/U.S. Global Infrastructure Fund
08-06-2008, 7:16 PM | Post #2548066
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Re: New Closed End Funds
08-13-2008, 11:09 AM | Post #2550207
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Thanks for all the new information. Ed