AGC - Illogical Pricing In Convertible CEFs (Part 2)
Author's note: Data from the article are current as of March 7, 2018.
In Part 1 of this series (Illogical Pricing In Convertible CEFs), we gave an introduction to convertible bonds and convertible bonds CEFs. We also discussed how two convertible bond CEFs, the Bancroft Fund (BCV) and the Ellsworth Growth and Income (ECF) appeared undervalued compared to two other convertible bond CEFs in CEFConnect's database, Advent Claymore Convertible Securities and Income Fund (AVK) and Advent Claymore Convertible Securities & Income Fund II (AGC).
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