Good month for SB2.
When I first looked at SB2 two years ago, I decided there’d need to be a 35% NTA discount for me to buy in, given the fund’s fees and how long the IMA had to run. I’d probably put the threshold at more like 30% now given the IMA is two years closer to termination. At 57c the discount to post-tax NTA is now 39%. Hence why this POS - and it is a POS - is the only thing I’ve been buying this past month.
Good month for SB2. When I first looked at SB2 two years ago, I...
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