A closed-end, diversified management investment company whose investment objective is to seek long-term capital appreciation primarily through investment in equity securities of companies listed in the United States.
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Fool UK
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Selling at a mega premium to NAV and underperforming its peers, this is a dog.
The rights offering of 1 for 3 should provide some support for the fund until early December as people can buy at NAV and sell at market. It will be costly for shorts.