Tuesday, May 15, 2012
Today sold my position in Managed Duration Investment Grade Municipal Fund (MZF). Again, this CEF traded over 4% premium to NAV. So far, it's quite easy and I hope to make more such trades in the future: buy below 1.5% premium, sell over 4%.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in MZF over the next 72 hours.
Additional disclosure: Positions can change any time.
Posted by Alex Filonov at 10:33 PM