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Closed-end funds $ZF and $ZTR said each fund has started a tender offer to acquire for cash up to 15% of their outstanding shares at 98% of the fund's net asset value per share as of close of trading on the NYSE on the date the offer expires. The tender offers will terminate on May 26, 2016, unless extended.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.