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Associated Estates Realty Corporation Message Board

  • pruman98 pruman98 Jun 26, 1998 9:54 AM Flag

    For those looking for income

    For those looking for income and good value, I
    have come
    across a closed end Investment grade
    International Bond fund BBZ- Bull & Bear Global income fund.
    It's share price has recently been bashed due to a
    rights offering. Existing shareholders on the record
    date were given rights. These rights allowed their
    holders to purchase additional shares at $6.15.

    Before the rights offering the stock was trading around
    $8 per share. It is now under $6.5. Itis giving a
    dividend of .07 per month. This comes to over 13% at
    todays prices. I believe the stock should go up to
    around $7.50 a share after those who bought at $6.15
    finish selling. That should take a couple of months.
    While you are waiting for the price to go up you will
    be getting a fat dividend. Sounds pretty good to me.

    If you like the dividend this could even be a buy
    and hold strategy.
    Best of luck.

23.95+0.40(+1.70%)Feb 27 4:04 PMEST

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