If these debt securities are retired before maturity, the difference, if any, between the reacquisition price and the net carrying value of the extinguished debt should be recognized as a gain or loss by the fund that owned the securities.
There is a difference in retiring debt securities before maturity.
How, a coincidence? 58 "That my mother should have made a will on the very day of her death!" Mr. Wells cleared his throat and remarked drily: "Are you so sure it is a coincidence, Cavendish?"