+ Watch PGP
on My Watchlist
closed-end management investment company
No more Bill Gross at PIMCO should be the catalyst to take the huge and unwarranted premium away for this closed-end fund.
Price premium is over 80% per CEFConnect.
Closed-end stock fund selling at a substantial premium to NAV.
Rising interest rates may cause investors to look at different investing options.
Nav will catch-up with market value. A Large capital gains special divvy coming up in December!!!!
A fund trading at an absurd premium to asset value because it pays a giant dividend and rates are low elsewhere. Eventually it will sell for what it is worth.
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