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lrp42

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lrp42

Re: lrp42 post# 26375

Thursday, 02/21/2008 11:35:50 AM

Thursday, February 21, 2008 11:35:50 AM

Post# of 47149
Here is some information which I found since I posted the first message. It looks like it has to do with the Preferred Shares failing at auction and possible consequences.

http://news.morningstar.com/newsnet/ViewNews.aspx?article=/BW/20080215005504_univ.xml

I don't have much knowledge about how closed-end funds go about arranging their leverage. I certainly did not know about this "auction" process for preferred shares. Looks like I have a lot to learn on this subject.

Ray
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