FDEU to Convert to an ETF Form | Closed-End Funds Message Board Posts

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Msg  22991 of 23887  at  3/23/2023 9:24:42 AM  by


The following message was updated on 3/23/2023 9:25:59 AM.

FDEU to Convert to an ETF Form

George Spritzer scores with this action on one of his oddball cef write-ups. He is able to smoke out the quirky cefs that offer unusual potential. In general they don't react right away after hre IDs them over a period of time his analysis proves potent. This is another example of his work.


AFAIK this is the first cef to ETF transition that I've heard but I think Phil Goldstein thought it had occurred before. Of this one hasn't occurred either but management willing to come out with the statement moves it a long way towards getting it done. I think a conversion like this is far better for shareholders than the traditional liquidation of the vehicle or the occasional conversion to a mutual fund.

The market certainly liked the announcement as FDEU soared on a day when most everything else tanked. How it will actually happen remains to be seen since I think its going to be the first but if it's successful I would think others may follow the trail.

Here's the Spritzer S A piece.


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Msg # Subject Author Recs Date Posted
22992 Re: FDEU to Convert to an ETF Form IMHO 2 3/23/2023 4:32:57 PM

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