Word: dragons
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Combination prizes were the theme of the day, as the second place team received a 360-watt stereo system and printer/scanner/copy/fax machine and third place netted a futon. The prize for fourth place was a Red Dragon...
SOUTHEAST ASIAN NIGHT. Hosted by The Harvard Vietnamese Association, Philipine Forum, Thai Society, Indonesian Association, and The Singaporean and Malaysian Student Association, SEA night promises a fifteen-course meal representing all nationalities involved and a slew of performaces including a Dragon Dance, Filipino Tinikling, and “Romantic Serenades.” Special to this year’s event is an exhibition of works by photographer Jacques de Roquancourt depicting the landscapes and people of Vietnam, Laos, and Cambodia. Friday, April 25, exhibition at 7:30, dinner and performances beginning at 8:30. $8. Exhibition in Leverett House...
...structuring of the funds lies at the heart of the dispute. China World and Dragon are both closed-end funds, which trade on an exchange typically at a “discount” to the shares’ actual value. Open-end funds are purchased from and sold to the fund itself, which guarantees that shares are instantly redeemable for their net asset value...
Since HMC began to publicly pressure Templeton, the funds’ discounts have decreased considerably. The China fund, which currently trades at a three percent discount, averaged a 12 percent discount last year, while the Dragon fund, which currently trades at a 12 percent discount, averaged a 14 percent discount last year, according to Morningstar...
...larger Dragon fund will offer to purchase 15% of the fund’s shares at 92.5% of its value by the end of April and may make additional offers. If the fund’s performance holds constant, that price will exceed the Dragon fund’s current price due to its discount. HMC would then liquidate its 14% stake in the fund...