CEFA - Closed-End Fund Association

2006 Initial Public Offerings

The following are closed-end funds that began operation recently. Performance information will become available after the funds have two month-end NAV performance figures.

The list will be updated on a monthly basis.

IPOs:[2008] [2007] [2006] [2005] [2004] [2003] [2002]

FUND	Ticker	Net Assets ($mm)
December
BlackRock Preferred and Equity Advantage Trust	BTZ	$1,175.0
November
Cohen & Steers Closed-End Opportunity Fund	FOF	$475.0
DWS Dreman Value Income Edge Fund	DHG	910.0
Eaton Vance Tax-Managed Diversified Equity Income Fund	ETY	$2.62 Billion
October
ING Risk Managed Natural Resources Fund	IRR	$415.0
Morgan Stanley China A Share Fund	CAF	244.0
September
BlackRock Real Asset Equity Trust	BCF	$802.5
August
First Trust/Aberdeen Emerging Opportunity Fund	FEO	$118.0
July
Alpine Global Dynamic Dividend Fund	AGD	$414.0
Nuveen Global Value Opportunities Fund	JGV	367.0
June
First Trust Tax-Advantaged Preferred Income Fund	FPI	$85.5
Highland Credit Strategies Fund	HCF	600.0
Nuveen Global Government Enhanced Income Fund	JGG	185.0
May
Claymore/Raymond James SB-1 Equity Fund	RYJ	$200.0
Eaton Vance Credit Opportunities Fund	EOE	140.0
RMR Asia Pacific Real Estate Fund	RAP	35.0
April
Clough Global Opportunities Fund	GLO	$900.0
Global Income & Currency Fund	GCF	147.0
March
First Trust Strategic High Income Fund II	FHY	$188.0
February
BlackRock Long-Term Municipal Advantage Trust	BTA	$195.6
January
RMK Multi-Sector High Income Fund	RHY	$405.0