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Commodity Funds CFD and CTF Propose Plan To Convert To ETF Structure
These are so-so commodity futures CEFs whose discount just kept getting wider and wider until it was something like 20+%.
There was a seekingalpha article about going activist not that long ago on these two funds, although that article said they should just be merged with the mutual fund by the same advisors (NGSAX.) Given the lack of interest in the CEFs, those who own (I did when they first came out, glad I sold not that long after) will likely be happy to get something back and then when they flip to ETFs they'll just be liquidated eventually for lack of interest, I'd guess.
The mutual fund by the same advisors has $7M in AUM.
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There was a seekingalpha article about going activist not that long ago on these two funds, although that article said they should just be merged with the mutual fund by the same advisors (NGSAX.) Given the lack of interest in the CEFs, those who own (I did when they first came out, glad I sold not that long after) will likely be happy to get something back and then when they flip to ETFs they'll just be liquidated eventually for lack of interest, I'd guess.
The mutual fund by the same advisors has $7M in AUM.