Invesco Trust For Investment Grade New York Muns (NYSE:VTN)

CAPS Rating: No stars

A closed-end investment trust fund.


Player Avatar winyah2 (32.36) Submitted: 9/6/2009 3:33:42 PM : Outperform Start Price: $13.14 VTN Score: +5.72

The top tax brackets rates are expected to rest on January 1 2010. Unless something changes individuals in the top tax brackets will pay 3 to 4.6% more tax. Long-term capital gains rates will expire January 1, 2011.

Expect a higher demand for tax-free income and lower demand for growth stocks through the end of next year.

Disclosure: I own municipal bonds and intend to purchase more through the end of 2009.

Featured Broker Partners