In corporate restructuring, the activity has been robust. We held a number of larger-cap companies prior to their spin-offs, and now a few of those such as Kraft (KRFT, Financial) have completed their break-up and have begun trading as stand-alone entities. We see value in both companies and continue to hold both positions in the portfolio.
From Keeley Funds’ 2012 annual report.
From Keeley Funds’ 2012 annual report.
