I don't know if BIF will begin trading at a premium like the Cornerstone funds, but I'm expecting to see the discount continue to decrease from here. I currently own shares in BIF and will be watching the fund over the next few months. I will probably sell once the discount stops decreasing, or if it starts trading at a premium, once the premium stops increasing.
BIF) has announced that it is going ahead with its proposed $0.10 per month distribution policy. Since this policy was proposed in February the fund's discount has decreased substantially, probably in anticipation that once potential investors see the nearly 15% "yield" they will drive up the share price even higher. The announcement clearly states that only a small portion of the distribution will consist of income earned by the fund, but that fact has not stopped investors from bidding up the share prices of other funds.The Boulder Growth & Income Fund (NYSE: