Supply, Demand and Other Factual Observations of Neuberger Berman CEFs

Dan Plettner submits:

The notion of “Asset Captivity” among closed-end funds doesn’t get much mainstream press. Instead, mainstream press focuses on a primary symptom: the illusion of a Black Friday sale on the New York Stock Exchange. A market price representing a discount to Net Asset Value (“NAV”) is only a relevant bargain if the discount is going to narrow at some point in time. Such occurs less often among funds whose governance choices could conceivable be interpreted as prioritizing Assets Under Management (“AUM”) or billable assets over shareholder value.

Neuberger Berman might be observed by some as being as least somewhat disinclined toward Asset Captivity. They have circumstantial tender offer programs for at least Neuberger Berman California Intermediate Municipal Fund Inc. (NBW), Neuberger B

By admin posted about 1 year ago

Filings 0 | Comments 0 | Views 64