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Path: utzoo!watmath!clyde!floyd!cmcl2!rocky2!cubsvax!peters
From: peters@cubsvax.UUCP
Newsgroups: net.invest
Subject: Re: Old & New AT&T Stock
Message-ID: <157@cubsvax.UUCP>
Date: Sun, 5-Feb-84 15:18:42 EST
Article-I.D.: cubsvax.157
Posted: Sun Feb  5 15:18:42 1984
Date-Received: Thu, 9-Feb-84 07:37:39 EST
References: <328@hogpc.UUCP> <156@cubsvax.UUCP>, <553@ihuxk.UUCP>
Organization: Columbia Univ Biology, New York City
Lines: 15

I just looked at the NYTimes yesterday (4Feb), and found that the
"Publicly Held Funds" (forgive my incorect spelling of "Publicly" last
time!) are, for the most part, selling much closer to their book values
than in years past... in fact, only Baker-Fentress (a respectable fund)
is selling at a greater than 10% discount.  There are also some "Special
Purpose Funds" listed in the same column, some of which trade at discounts,
and some closer to book.  What I *don't* understand is that some of these,
especially, are selling at much *greater* than their book values... Like
the Cyprus Fund (I believe it was) is selling for 415% of the value of
the underlying securities.  Anyone have any idea why?  Also, has anyone
besides me out there used these funds as investment vehicles?  Also, anyone
know what a "Special Purpose Fund" is?

{philabs,cmcl2!rocky2}!cubsvax!peters            Peter S. Shenkin 
Dept of Biol. Sci.;  Columbia Univ.;  New York, N. Y.  10027;  212-280-5517