Calling Stock Market Experts..

[Slim Harpo]

What is this fund? Is this something I and you can buy? And what is that over 14% div? Is that the return yearly on the amount one has invested?

thanks..

http://finance.yahoo.com/q?s=phk

 

[Free Thinker]

its a closed end junk bond fund. you can buy it just like a stock.

Pricing Info As Of: 06/10/2005
Closing NAV: $15.11
Closing Share Price: $14.49
Premium/(Discount): -4.10%
Current Market Yield: 10.10%

INVESTMENT OBJECTIVE



The Fund's primary investment objective is to seek high current income. Capital appreciation is a secondary objective. The Fund will normally invest at least 80% of its net assets in debt securities that are, at the time of purchase, rated below investment grade or unrated but judged by the portfolio manager to be of comparable quality.

 

[Slim Harpo]

Quote from vhehn:

its a closed end junk bond fund. you can buy it just like a stock.

That's what I wanted to know..what it was and if anyone could buy it...

Thank You!