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Bullboard - Stock Discussion Forum Marret High Yield Strategies Fund MRRHF

Marret High Yield Strategies Fund (the Fund) is a Canada-based a closed-end investment fund. The Fund holds investment in Canadian corporate bonds. Marret Asset Management Inc. is the manager of the Fund and provides all administrative services required by the Fund. CIBC Mellon Trust Company is the custodian (the Custodian) of the Fund.

GREY:MRRHF - Post Discussion

View:
Post by MooseNut on Jun 17, 2014 1:55pm

$0.35

What the hell is going on?
Comment by Pandora on Jun 17, 2014 4:27pm
As announced in the news the fund was closed out as far as it's liquid portion is concerned and each shareholder received a distribution of $7.54 cents or there abouts. The fund still has 2 illiquid assets and that's what the 35 cents represents. These 2 assets are bonds. One from Cline Mining supposedly valued around 78 cents and one from Mobilicity supposedly valued around 18 cents for a ...more  
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