Discount Statistics of Closed-End Funds Update For The 3rd Quarter 2017

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 third quarter of 2017. The original article with more details regarding discount statistics of closed-end funds is available at http://www.HighlandGlobal.com. Historic releases of our research can be accessed from our website.

All facts and data as set forth in this report were obtained from sources considered to be reliable. However, Highland Global assumes no liability for the accuracy of the information provided to us by others. Highland Global assumes no responsibility for any liability for damages of any kind resulting from reliance on this report by the reader or any other party. Although we have exerted considerable diligence and applied our best efforts in constructing this document, immaterial anomalies, if any, may arise. Even so, we are confident that our overall results would still fall within a materially consistent conclusion. This report is not to be construed, directly or indirectly, as a recommendation to invest, divest or to lend. Highland Global makes no representations or warranties that the result/research set forth in this report will be accepted by any other third party, including any regulatory or government body federal, state, or local.

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Discount Statistics Of Closed-End Funds Update For The 1st Quarter 2017

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 2017. The original article with more details regarding discount statistics of closed-end funds is available at http://www.HighlandGlobal.com. Historic releases of our research can be accessed from our website.

All facts and data as set forth in this report were obtained from sources considered to be reliable. However, Highland Global assumes no liability for the accuracy of the information provided to us by others. Highland Global assumes no responsibility for any liability for damages of any kind resulting from reliance on this report by the reader or any other party. Although we have exerted considerable diligence and applied our best efforts in constructing this document, immaterial anomalies, if any, may arise. Even so, we are confident that our overall results would still fall within a materially consistent conclusion. This report is not to be construed, directly or indirectly, as a recommendation to invest, divest or to lend. Highland Global makes no representations or warranties that the result/research set forth in this report will be accepted by any other third party, including any regulatory or government body federal, state, or local.

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Highland Global Business Valuations announces the release of the 2nd Quarter 2016 Update to “Discount Statistics of Closed-End Funds”

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. Continue reading

Specific Company Risk Premium: A New Approach

THIS IS AN ABRIDGED VERSION OF OUR ARTICLE.  THE COMPLETE ARTICLE CAN BE ACCESSED IN OUR ARCHIVES.

The business appraisal process involves a great deal of science in arriving at an indication of value, but also requires some art on the part of the appraiser. The science of business appraisals involves the approaches and methodologies used in arriving at a value conclusion. The market approach using the direct market data method requires statistics from actual transactions in the market in order to apply an appropriate multiple to the subject company’s selected earnings, revenues, or other income stream. The single period capitalization method and the multi-period discounted earnings method under the income approach require calculated inputs for the appropriate earnings. In addition, data directly observed in the market place such as the risk free rate and the equity risk premium (obtained from Ibbotson Associates) are required to build up the company’s appropriate cost of equity and discount rate. Continue reading

Highland Global Business Valuations Releases 2014 Economic Outlook

Myrtle Beach, SC, Orlando, FL and Washington, D.C. January 7, 2014—Highland Global has released its 2014 economic outlook based on internal analysis, input from the independent think tank, Thinking Outside the Boxe, and consultations with colleagues within the valuation profession and business community.  Highlights of Highland Global Business Valuation’s economic outlook follow:  Continue reading

Highland Global Business Valuations Releases 2014 Economic Outlook

Myrtle Beach, SC, Orlando, FL and Washington, D.C. January 7, 2014—Highland Global has released its 2014 economic outlook based on internal analysis, input from the independent think tank, Thinking Outside the Boxe, and consultations with colleagues within the valuation profession and business community.  Highlights of Highland Global Business Valuation’s economic outlook follow: Continue reading