News release June 28th - FAP a more Global Bond FundInteresting news release on June 28th. It would appear that the board of directors have lifted many restrictions on geographic, country restrictions and on the type of debt instruments that can be acquired.
It should be interesting to see what happens in the near future as far as Net Asset Value, market price, and perhaps most importantly on the monthly distribution.
As was stated in the news release, the goal of lifting many restrictions is to increase earnings. Hopefully, in the best case scenario monthly payouts would eventually go up.
GLTA