October 14, 2008
Currently, the Mark to Market rule is applied to Hartford and Oppenheimer Senior Floating Rate Loans.These loans have had, reportedly less than 2% default rate. Therefore,based on the loan's performance and expected payments-should be worth at lease 98% of loan amount. However, when the Mark to Market rule is applied, the loans and MY INVESTMENT is valued at far less. The application of this rule in this situation in WRONG I accept the negative effect of defaulted loans on my investment. I do not accept the application of some made up rule that has nothing to do with the real nature of the specific loans in question skewing the value of the loans and my investment. STOP MARK to MARKET for these loans