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Aberdeen Asia-Pacific Income Fu Message Board

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  • myviewtoyou myviewtoyou Jan 16, 2000 7:29 PM Flag

    IS THERE ANYTHING ENCOURAGING

    Do you or anyone else know anything on DBS ? Has a very high yield,but I can find out anything on them.

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    • I owned for awhile and you simply can not get
      information on it with ease. I do know that
      it does not
      have the credit quality of FAX.
      As I recall Merrill
      Lynch put DBS together. You might try there.

      • 1 Reply to fredb_54728
      • Following is from Morgan Stanley Dean
        Witter.

        We rate DBS Strong Buy. The fund provides a way for
        investors to access our two favorite fixed-income sectors,
        high-yield debt and floating-rate bank loans,at a discount.
        DBS invests about 58% of its portfolio in high yield
        debt and 42% in floating rate bank loans of companies
        with below investment grade ratings. The fund is well
        diversified, investing in over 180 different issuers in over
        40 industries. In our view, DBS is fully earning its
        dividend and we believe that this level can continue. DBS
        is approximately 28% leveraged through a revolving
        credit and term-loan facility.

        It sells at about
        a 14% discount. I own it and think that it has hit
        bottom.

    • Check out Bancroft Convertible Closed End Fund.
      Thay are at a 20% discount and paying bwtween 12-15%
      dividend. They have a long and public history. Very stable
      dividend for 10 years. Their top ten investments are high
      quality companies.

 
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