Wednesday, December 15, 2010

Buying Back EAD

Bought back Wells Fargo Income Advantage Fund (EAD) yesterday..I sold it July and October, when it was much higher than now and traded at big (up to 5%) premium to the NAV. Now it's just above $9 and trades at a discount to NAV. With yield almost 10%, it looks like a bargain.

Full disclosure: at the time of publication author had a long position in EAD.

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