Deschutes Portfolio Strategy, LLC Buys GDL Fund, First Trust Strategic High Inc Fund II, Eaton Vance California Municipal Bond Fund, Sells Boulder Growth & Income Fund, Thai Fund (The), General American Investors Company Inc

• New Purchases: FHY, EVM, BWG, MCA, EVO, CCA, BCV, SAGE, COST, PPL,
• Added Positions: GDL, EMJ, CEV, EVJ, NUM, NQP, NMY, VHT, F, LRCX,
• Reduced Positions: BIF, GAM, PEO, INF, CAF, VPV, ASA, RGT, GRX, ADX,
• Sold Out: TTF, VTA, IFN, BHVN, JNPR, BP, RMT, RACE, MMP, WCG,

For the details of Deschutes Portfolio Strategy, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Deschutes+Portfolio+Strategy%2C+LLC

1. Central Securities Corp (CET) - 250,142 shares, 4.06% of the total portfolio. Shares reduced by 10.35%
2. Rmr Real Estate Income Fund (RIF) - 367,090 shares, 3.72% of the total portfolio. Shares reduced by 9.59%
3. Nuveen NJ Dividend Advantage Muni Fund (NXJ) - 437,853 shares, 3.47% of the total portfolio. Shares reduced by 9.62%
4. GDL Fund (GDL) - 605,744 shares, 3.43% of the total portfolio. Shares added by 77.43%
5. Morgan Stanley Emerging Markets Fund Inc (MSF) - 291,987 shares, 3.27% of the total portfolio. Shares reduced by 9.46%

Deschutes Portfolio Strategy, LLC initiated holding in First Trust Strategic High Inc Fund II. The purchase prices were between $12.14 and $12.84, with an estimated average price of $12.44. The stock is now traded at around $12.06. The impact to a portfolio due to this purchase was 0.69%. The holding were 92,828 shares as of 2018-03-31.

Deschutes Portfolio Strategy, LLC initiated holding in Eaton Vance California Municipal Bond Fund. The purchase prices were between $10.23 and $11.65, with an estimated average price of $10.84. The stock is now traded at around $10.23. The impact to a portfolio due to this purchase was 0.59%. The holding were 93,873 shares as of 2018-03-31.

Deschutes Portfolio Strategy, LLC initiated holding in Legg Mason BW Global Income Opps Fd. The purchase prices were between $12.69 and $13.43, with an estimated average price of $12.96. The stock is now traded at around $12.55. The impact to a portfolio due to this purchase was 0.44%. The holding were 56,112 shares as of 2018-03-31.

Deschutes Portfolio Strategy, LLC initiated holding in Blackrock Muniyield CA Insured FD. The purchase prices were between $13.22 and $14.69, with an estimated average price of $13.9. The stock is now traded at around $13.28. The impact to a portfolio due to this purchase was 0.41%. The holding were 50,100 shares as of 2018-03-31.

Deschutes Portfolio Strategy, LLC initiated holding in Eaton Vance Ohio Municipal Income Trust. The purchase prices were between $12.35 and $13.14, with an estimated average price of $12.64. The stock is now traded at around $12.42. The impact to a portfolio due to this purchase was 0.25%. The holding were 33,233 shares as of 2018-03-31.

Deschutes Portfolio Strategy, LLC initiated holding in MFS California Municipal Fund. The purchase prices were between $10.39 and $11.49, with an estimated average price of $10.87. The stock is now traded at around $10.38. The impact to a portfolio due to this purchase was 0.23%. The holding were 36,272 shares as of 2018-03-31.

Deschutes Portfolio Strategy, LLC added to a holding in GDL Fund by 77.43%. The purchase prices were between $9.27 and $9.93, with an estimated average price of $9.64. The stock is now traded at around $9.37. The impact to a portfolio due to this purchase was 1.5%. The holding were 605,744 shares as of 2018-03-31.

Deschutes Portfolio Strategy, LLC added to a holding in Eaton Vance New Jersey Municipal Bond Fund by 76.01%. The purchase prices were between $11.52 and $12.51, with an estimated average price of $11.98. The stock is now traded at around $11.72. The impact to a portfolio due to this purchase was 0.37%. The holding were 119,465 shares as of 2018-03-31.

Deschutes Portfolio Strategy, LLC added to a holding in Eaton Vance CA Muni Income Trust by 44.67%. The purchase prices were between $11.28 and $12.24, with an estimated average price of $11.69. The stock is now traded at around $11.40. The impact to a portfolio due to this purchase was 0.34%. The holding were 158,677 shares as of 2018-03-31.

Deschutes Portfolio Strategy, LLC added to a holding in Eaton Vance NJ Muni Income Trust by 27.68%. The purchase prices were between $11.04 and $11.92, with an estimated average price of $11.38. The stock is now traded at around $11.23. The impact to a portfolio due to this purchase was 0.28%. The holding were 186,362 shares as of 2018-03-31.

Deschutes Portfolio Strategy, LLC added to a holding in Lam Research Corp by 29.73%. The purchase prices were between $162.23 and $228.65, with an estimated average price of $198.07. The stock is now traded at around $187.26. The impact to a portfolio due to this purchase was 0.06%. The holding were 2,160 shares as of 2018-03-31.

Deschutes Portfolio Strategy, LLC added to a holding in Ford Motor Co by 36.00%. The purchase prices were between $10.24 and $13.23, with an estimated average price of $11.32. The stock is now traded at around $11.49. The impact to a portfolio due to this purchase was 0.06%. The holding were 34,000 shares as of 2018-03-31.

Deschutes Portfolio Strategy, LLC sold out a holding in Thai Fund Inc. (The). The sale prices were between $10.86 and $11.27, with an estimated average price of $11.2.

Deschutes Portfolio Strategy, LLC sold out a holding in Invesco Dynamic Credit Opportunities Fund. The sale prices were between $11.54 and $12.01, with an estimated average price of $11.73.

Deschutes Portfolio Strategy, LLC sold out a holding in The India Fund Inc. The sale prices were between $24.23 and $28.23, with an estimated average price of $26.13.

Deschutes Portfolio Strategy, LLC sold out a holding in Biohaven Pharmaceutical Holding Co Ltd. The sale prices were between $22.49 and $34.56, with an estimated average price of $29.9.

Deschutes Portfolio Strategy, LLC sold out a holding in Juniper Networks Inc. The sale prices were between $24.05 and $28.89, with an estimated average price of $26.58.

Deschutes Portfolio Strategy, LLC sold out a holding in Royce Micro-Cap Trust Inc. The sale prices were between $9.06 and $9.88, with an estimated average price of $9.51.