Good afternoon, and welcome to the Senior Housing Properties Trust 2010 Fourth Quarter and Year End Financial Results Conference Call. This call is being recorded. At this time, for opening remarks and introductions, I would like to turn the call over to
Morningstar director of economic analysis Bob Johnson addresses recent sluggishness in the economy and makes the case for better growth in the second half of the year.
A recent Morningstar survey found that current closed-end fund investors are using the vehicles for retirement income, but potential investors desire more education.
Debt in developing markets is not as risky as some think, and closed-end funds are good vehicles to take advantage of the higher yields in these regions.