| Business Summary | | Progressive
Return
Fund,
Inc.
(the
Fund),
formerly
known
as
The
Portugal
Fund,
Inc.,
is
a
closed-end,
non-diversified
management
investment
company.
At
June
30,
2000,
the
Fund's
net
assets
were
$68.8
million.
Net
asset
value
per
share
was
$15.14,
as
compared
to
$15.46
at
December
31,
1999.
At
June
30,
2000,
the
Fund's
investments
were
concentrated
in
the
following
sectors:
banking
(11.74%),
construction
(8.57%),
consumer
products
(4.46%),
electric-integrated
(19.83%),
food/beverage/tobacco
(10.91%),
forest
products
(3.83%),
telecommunications
(25.12%),
cash
and
other
assets
(5.98%),
and
other
(9.56%). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Progressive
Return
Fund,
Inc.
is
a
closed-end,
non-diversified
management
investment
company.
The
Funds
investment
objective
is
to
seek
total
return
through
investments
primarily
in
Portugese
securities.
For
the
fiscal
year
ended
12/31/00,
total
investment
income
totaled
$1.6
million.
Net
investment
loss
totalled
$39
thousand.
Net
decrease
in
net
assets
resulting
from
operations
totaled
$14.2
million.
Net
asset
value
per
share
totaled
$12.37
on
12/31/00
vs.
$15.14
on
6/30/00. | More
from
Market Guide: Significant
Developments |
| | |
| Position | William Priest, 58 | Chairman | Richard Watt, 41 | Pres,
CIO | Michael Pignataro, 40 | CFO,
Sec. | Hal Liebes, 35 | Sr.
VP | Rocco Del Guercio, 36 | VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|