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Lets take FF as an example, since you mention it.
Apr 28 15:20 pm
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All Comments by R. Richard Schweitzer »The Case for Closed-End Funds [View article]
I have been long and have "averaged down" since I have made good with this mgr before. What happens here is that the assets making up the NAV decline and the discount widens to push the price of FF down more.
In the end, it is not the discount, is it? It is the track of the sset class.