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Re: ARPS Question? Manny E.  03-18-2008, 3:10 PM | Post #2499065
0  

Thanks for the info.

I guess I need to go to each fund and search for this info.

I already looked up BFK and PSY,  which are two of my larger holdings.

BFK max rate is 110% of higher or 90% of after tax (personal) Kenny Rate or interest equivalent of 30 day "AA" CP. 

PSY  is 125% of 30 day/ 7 Day  BBA LIBOR Rate.

I am not sure exactly what all of this implies, but it seems that the LIBOR rate will respond downward to FED action and so will the CP rate, I am not sure about the Kenny Rate.  

 

Topics CEF Closed end funds CLOSED END FUNDS closed-end forum Funds View Complete Thread
 
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