Portfolio Update
Last month Putnam made an offer to buy back a certain number of shares of the Putnam Premier Income Trust at net asset value (NAV). The shares held in the conservative portfolio were tendered to this offer. Putnam eventually purchased back approximately 20% of the shares held. The cash received from Putnam and the cash accumulated from dividends was used to purchase the Eaton Vance Floating Rate Income Trust (EFT), a closed-end fund holding senior bank loans. To learn more about these funds read the linked article by Jonathan Hoenig, “Spreading the Risk,” http://www.smartmoney.com/tradecraft/index.cfm?story=20050131
Related Posts
-
Molson Coors AddedInvestors continue to pile into high-flying technology shares and...
- October 1, 2020
-
Global Gold Miners ETF Allocation IncreasedCash available was added to the SMA Portfolio's holding...
- August 10, 2020
-
-
Is the Retirement Crisis Really a Crisis?PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
-
Alarming Chart of the Stock Markets of 1987 and 2012-2013Several days ago I posted a chart showing the...
- May 22, 2013
-
Bill Ackman Thinks Diversification is for the Lazy
Bill Ackman made a speech at the Active/Passive Investor...
- March 4, 2010
