Premium/Discount of the Scudder New Asia Fund
Description
This article is from the A Guide to Closed-End Funds (CEFs).
Premium/Discount of the Scudder New Asia Fund
Some CEFs may make large distributions at year-end if they have large realized gains during the year. For example, the Scudder New Asia fund made a distribution of $4.22 to shareholders of record on December 30, 1994. The daily chart of the Scudder New Asia fund below shows the sharp movement in the market price around the ex-dividend date (Jan 18, 1995). From the recent low of 14.625, the CEF shot up to 18.75---an incredible move of 28.2% in the space of 10 business days!
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