Closed-end funds that trade at a discount

Money Digest, May, 2002

Closed-end funds are companies whose main business is to invest. They do not accept money from investors on a continuous basis. If you are interested in buying them you have to buy from other investors. They are traded on stock exchanges like other stocks. All closed-end funds mentioned here have a discount of over 12%.

STOCK                                 SYMBOL  NAV (*)  PRICE  DISC
                                                    $      $     %

Canada World Fund                        CWF     4.74   3.05  35.7
United Corps                             UNC    60.43  41.32  31.6
Economic Inv. Trust                      EVT    71.64  49.50  30.9
Cdn General Investments                  CGI    14.14   9.92  29.8
Wardley China Inv. Trust              WIT.UN     0.97   0.70  27.8
Dundee Precious Metals                 DPM.A    20.98  15.50  26.1
Snp Health Split Corp        SNH.PR.U, SNP.U    44.79  33.40  25.4
Third Canadian General Inv.              THD    20.71  16.00  22.7
Aberdeen Asia-Pacific                    FAP     9.26   8.14  12.1

(*) NAV stands for net asset value per share. Since the above mentioned
shares trade at a discount, their net asset values are higher than their
market price.