Biotech Values

[abreis]

(OT)KF Fund

"Is this really a positive development? Unless one owns the KF shares in a tax-exempt account, the tax hit could outweigh any benefit from closing the 10% discount to NAV."


You are correct it's main advantage is in an IRA account. What I have done in the past (in an non IRA account) is to buy the fund after it drops to get it at a discount. With it's track record, it should recover somewhat and then you can sell or hold for the 9% dividend.

Abreis