There is a buy back on which will help unitholders but reduce fees to the investment manager so it is a delicate balance to get the unit price closer to NTA.. My guess as to the NTA discount is markets broadly are worried about higher interest rates which will affect (the more risky) borrowers ,some of which I am sure the fund has in its portfolio. Yes I am disappointed in the performance of my holdings so far, down circa 6 %. I should have trusted my own judgement and bought direct holding of fixed income.
KKC Price at posting:
$2.12 Sentiment: None Disclosure: Held
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