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Replies to #59105 on Biotech Values

DewDiligence

02/15/08 2:55 PM

#59108 RE: rfj1862 #59105

>Closed-end [muni] funds are offering close to 10% yields now (tax-equivalent). I own BFK.<

The funds that use leverage may have pending markdowns to NAV from the inability to rollover auction-rate securities. I would suggest closed-end muni funds such as NUV that do not use leverage but have nonetheless had their share price whacked.