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 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

Economic Outlook 2014

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

State Of The Economy 2012 Outlook

Gross Domestic Product

            Following zero growth in 2008 and a 2.6% contraction in 2009, real gross domestic product (GDP) increased by roughly 2.8% (an an annual basis) according to advance estimates[i] released by the Bureau of Economic Analysis (BEA).  The economy remained modestly expansionary in 2010 with first and second quarter changes in real GDP of 3.7% and 1.7%.  These figures follow an increase in real GDP of 5% in the fourth quarter 2009.  Third and fourth quarter real GDP increased by 2.6% and 3.2%, respectively, showing a slight upward trend in economic activity.  While the trend in 2009 was clearly marked by recession followed by a modest upturn in activity, economic activity in 2010 could be characterized as modest.  However, in 2010, housing markets remained weak with continued declines in prices and increases in foreclosures, credit markets remained tight, inflationary pressures increased and unemployment remained high. Continue reading

State Of The Economy 2011 Outlook

Gross Domestic Product

            Following zero growth in 2008 and a 2.6% contraction in 2009, real gross domestic product (GDP) increased by roughly 2.8% (an an annual basis) according to advance estimates[i] released by the Bureau of Economic Analysis (BEA).  The economy remained modestly expansionary in 2010 with first and second quarter changes in real GDP of 3.7% and 1.7%.  These figures follow an increase in real GDP of 5% in the fourth quarter 2009.  Third and fourth quarter real GDP increased by 2.6% and 3.2%, respectively, showing a slight upward trend in economic activity.  While the trend in 2009 was clearly marked by recession followed by a modest upturn in activity, economic activity in 2010 could be characterized as modest.  However, in 2010, housing markets remained weak with continued declines in prices and increases in foreclosures, credit markets remained tight, inflationary pressures increased and unemployment remained high. Continue reading

State Of The Economy 2010 Outlook

Gross Domestic Product

            Advance estimates[i] released by the Bureau of Economic Analysis (BEA) indicate that real gross domestic product (GDP) contracted by 2.4% on an annual basis in 2009 over the prior year.  For 2008, real GDP increased by 0.4% on an annual basis as compared to a 2.1% increase in 2007.  The economy continued to contract sharply during the first and second quarters of 2009, falling 6.4% in the first quarter and 0.7% in the second quarter.  This continued the trend begun in the second half of 2008 when real GDP contracted 2.7% in the third quarter and 5.4% in the fourth quarter[ii].   Economic activity showed signs of improvement in the second half of 2009 with real GDP increasing by 2.2% in the third quarter and by 5.7% in the fourth quarter.  The continued recessionary trend in real GDP in the first half of 2009 was characterized by even further deterioration in the housing markets, continued tight credit markets following financial instability in the banking system late in 2008, waning consumer demand and confidence, and rising unemployment as businesses adjusted to lower demand expectations. Continue reading