This article will update the Highland Global study, “Discount Statistics of closed-end Funds,” (originally published in November 2005 and updated quarterly) for data relating to the first quarter of 2009. The original article with more details regarding discount statistics of closed-end funds is available at
Barron’s Closed-End Fund Data
Each quarter, Barron’s Online (www.barrons.com) reports statistics on publicly-traded closed-end funds. The statistics reported include the discount (or premium) of the market price from the fund’s net asset value (NAV), the 52-week average discount or premium, the fund’s objective, and various return measurements, etc. Highland Global then calculates the discount range, average, median, and standard deviation and reports these figures based on metrics such as the total data population, beta ranges, fund objectives, etc.