In a previous post (#390), I had mentioned that because the Fund's investment in PPHM had crossed the 25% of the NAV threshold, (at that time it was 28% of the NAV), I was going to trim the holding. But since then, PPHM stock price has come down to where it is slightly less than the 25% Limit. Therefore, I have decided to sit pat for now...If and when the holding again exceeds the 25% ceiling, I will, according to the Fund's Charter, have 2 weeks to bring the investment back in compliance of the rules that govern the Fund's investments...
Cheers!
contax