The Closed-End Fund Discount Quandary [View article]
The NAV of CEF holdings can be 3-6 mos. out of date. in a falling market, such as late last year through Feb of this year, the NAV discounted by market pricing was a markets realistic analysis of a downward valuation (in the present) of the past , listed holdings...Funds that held GE, or other seemingly AAA - rated investment grade securities, appeared to have a bigger discount than those that seemed to have A-rated U.S. Treasuries, which simultaneously had a market premium in price vs their holdings values.
The Closed-End Fund Discount Quandary [View article]