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CEF Closing Question, Hold or Sell?: MTS - Montgomery Street Income Securities

ibartman
edited September 2015 in The Bullpen
I purchased MTS (Montgomery Street Income Secs) in Jan of 2011 for my retirement account, when it traded at a 9.5% discount, and reinvested all distributions since then.

MTS is (or was, see below) a non-leveraged PIMCO-managed fixed income fund, with a 70 bp expense ratio.

It recently announced [Sep 3] that it will be closing/liquidated:

http://www.montgomerystreetincome.com/pressreleases
http://www.montgomerystreetincome.com/inc/scripts/file.php?file_id=413

and discount has narrowed to 2%.

Should I simply "wait" to be cashed out, or should I sell my shares before then? In other words, am I likely to get a "full" NAV payout (i.e., no discount) if I wait? Anyone have any experience with a liquidating CEF?

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