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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
December 12, 2002 at 07:00 PM
Dec. 10, 2002 — Morgan Stanley Dean Witter (MWD) said shareholders approved merging three closed-end funds that invest in high-yield bonds into an open-end fund.
In the reorganization, Morgan Stanley High Income Adv (YLD), Morgan Stanley High Inc Adv II (YLT) and Morgan Stanley High Inc Adv III (YLH) were absorbed by Morgan Stanley High Yield Securities/B (HYLBX).
The closed-end funds generally traded at a premium to their net asset values, but recently have have been trading at a discount to them, Morgan Stanley said in a regulatory filing.
Open-end funds permit shareholders to redeem shares daily at the net asset value of the stock.
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