Myrtle Beach, South Carolina & Orlando, Florida, July 26, 2016—Highland Global Business Valuations is pleased to announce the release of its 2nd Quarter 2016 Update to its quarterly research on “Discount Statistics of Closed-End Funds.” Highland Global Business Valuations has been conducting its quarterly research on discount statistics of closed-end funds since 2005.
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 second quarter ending June 30, 2016, Barron’s reported that 409 closed-end funds traded at discounted to their NAV. For the fifty-two weeks ending June 30, 2016, 485 closed-end funds traded at discounts to their NAV.
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.