gatewayast

John Hancock Patriot Dividend Fund: Am I Missing Something?

The history of most closed-end funds is that they typically sell at a discount to NAV. Just look at high quality Adams Express and Tri-Continental who have been around "forever" both of which have quality assets yet sell at similarly large discounts to NAV as does Patriot. The best hope for these funds is that shareholder activists such as Art Lipson and George Karpus purchase a large stake and try to force management to open-end the fund. Good luck.