The Madison Strategic Sector Premium Fund (the"Fund" or "MSP") (NYSE: MSP) declares its quarterly dividend of $0.30 pershare payable December 31, 2008 to shareholders of record as of December17, 2008. The ex-dividend date will be December 15, 2008. If it isdetermined that a notification is required pursuant to Section 19(a) of theInvestment Company Act of 1940, as amended, such notice will be posted tothe Fund's website after the close of business three business days prior tothe payable date. If a distribution rate is largely comprised of sourcesother than income, it may not
Closed-end funds differ from open-end mutual funds in that the size of the assets under management does not change when investors buy in or sell out. So when you want to buy a share in a closed-end fund, you have to buy it from someone who already has one (not the fund manager, as you would for an open-end fund). As such, many closed-end funds trade like regular stocks on the NYSE.
Often, however, many of these funds trade at discounts to what they actually own. For example, here's a list of some of the largest...
The Businessweek dated July 4 has an article (I don't know if I utilized my subscription to access the article) about closed end funds that sell call options to create income, writes Roger Nusbaum. I have written about this product numerous times because I think it can be useful in a properly diversified portfolio.
A reader, and former coworker, sent along the following information about the Madison Strategic Sector Fund (MSP), writes Roger Nusbaum. He found the company that is the sub-advisor and I was able to find the
prospectus. You can click here (PDF) for it if you have any interest.
Here's a list of available exchange-traded funds (ETFs) and closed-end funds (CEFs) covered by ETF Investor. Clicking on the ticker symbol pulls up a list of articles that discuss or mention that fund.
MADISON, WI--(Marketwire - December 1, 2008) - The Madison Strategic Sector Premium Fund (the "Fund" or "MSP") ( NYSE : MSP) declares its quarterly dividend of $0.30 per share payable December 31 ...
WASHINGTON (MarketWatch) -- Question: During the loss mitigation process, how can the lender lose contact with the borrower or deny the borrower based on a previous bankruptcy? Where can the borrower get information that explains the loss mitigation process and determine when the lender is failing to deal with the borrower in an ethical manner? Is there ever a time when the loss mitigation process would be ongoing for two years without allowing the borrower to make payments on the loan?
It used to be easy to live on the "float" -- write a check to pay a looming bill, mail it off and never mind that the paycheck you will deposit to cover that check won't be in your hands for a week. Between the postal service and the bank processing, you were in good shape.
SANTA MONICA, Calif. (CBS.MW) -- Multiple-strategy portfolios are touted as a way for individual investors to get -- in one account -- the best ideas Wall Street has to offer. They are complicated vehicles, heavily reliant upon technology, and take their cues from portfolios that once only the very rich could afford.
LOS ANGELES (CBS.MW) - Brokerages that once embraced the concept of "outsourcing" everything from trading to money-management are looking to regain proprietary control of customer assets that slipped away over the last decade.
SAN DIEGO, Calif. (CBS.MW) -- Investors unloaded shares of Peregrine Systems on Thursday following a company warning that it would report a loss for its third fiscal quarter instead of the profit analysts had been expecting.
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