Highland Global Business Valuations announces the release of the 4th Quarter 2013 Update to “Discount Statistics of Closed-End Funds”

Myrtle Beach, South Carolina, Orlando, Florida, Dallas, Texas & Washington, DC, January 28, 2014—Highland Global Business Valuations is pleased to announce the release of its 4th Quarter 2013 Update to its quarterly research on “Discount Statistics of Closed-End Funds.” 

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.  For the fourth quarter ending December 31, 2013, Barron’s reported that 499 closed-end funds traded at discounted to their NAV.  The average discount to NAV was 9.0% with a median of 9.1%.  For the fifty-two weeks ending December 31, 2013, 468 closed-end funds traded at discounts to their NAV.  The average discount to NAV was 7.2% with a median of 6.8%.   

 

The full update and results of Highland Global’s analysis are available at www.HighlandGlobal.com.  Business appraisers, attorneys, academics, students, or accountants may find Highland Global’s research in this area useful in developing reference points for discounts applicable to minority interests in family limited partnerships or privately held entities that hold a diversified portfolio of financial assets analogous to closed-end funds. 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s