KEELEY Small Cap Dividend Value Fund Comments on Protective Life Corp

Jul 30, 2014

The top performing position during the quarter was Protective Life Corporation (PL) which climbed over 31 percent and added 85 basis points of performance to the Fund during the second quarter. Shares rose in June when Japan’s Dai-ichi Life Insurance Co. agreed to buy Protective Life for $5.7 billion. This deal was the largest ever by a Japanese insurer and we elected to sell the position soon after the announcement.

From John Keeley (Trades, Portfolio)’s KEELEY Small Cap Dividend Value Fund Second Quarter 2014 Commentary.

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