The Secret Behind These 2 Heavily Discounted CEFs [Forbes]
Liberty All-Star Growth Fund, Inc. (ASG)
US:NYSE Investor Relations:
all-starfunds.com
Company Research
Source: Forbes
Closed-end funds (CEFs) are my No. 1 income plays for a reason that goes beyond their huge dividends: We can tap these off-the-radar (for now!) funds for big price gains, too. We do this in my CEF Insider service using a time-tested CEF tactic: Buy (NAV, or the value of their portfolios), then sell them at par or, better yet, a premium. This isn't rocket science: We're following the oldest investor play there is: Buy low and sell high! To do it, we're letting the discount to NAV, a critical CEF metric, be our guide. Let's zoom in on two CEFs to see the power of a closing discount in action. Then we'll pull back and talk about an outside force—the Federal Reserve—that'll likely keep CEFs' discounts closing, and prices rising, for the next couple years, at least. ASG Clobbers Stocks (Powered By Its Closing Discount) The Liberty All-Star Growth Fund (ASG), as the name says, is a growth stock–oriented CEF. It's unique in that it holds stocks of all sizes, grouped into large-cap-g
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- 9/3/24 - Form 3
- 8/30/24 - Form N-CSRS
- 8/29/24 - Form N-PX
- ASG's page on the SEC website