Looking for fixed income bargains? Grant's Interest Rate Observer has your back. In the September 18 issue, Grant's takes a look at four unloved term trusts -- closed-end credit funds that liquidate on a given date.
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Term Trusts come in all different shapes and sizes. They all generate income because they hold debt instruments of one kind or another and all liquid on a set date in the future.
The recent turbulence in global credit markets has had its effect on these trusts. Many now trade at a discount to net asset value, although, for the astute value investor, this presents an opportunity.
There are four of these trusts that have caught Grant's attention. All trade at a discount to NAV and when factoring in...
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