Investment Q&A

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Canso Credit Income Fund (PBY.UN $16.19)
- $16.19 P/E (TTM): 20.16X Cap: $148M
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Q: Our son owns this security from a former financial advisor. It is a closed end fund and there is an approved normal course issuer bid. I don't understand what is going on here. Please explain how this works and what is your opinion of the security. What is your general opinion of closed end funds? Thanks

Read Answer Asked by Richard on July 24, 2018

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