Since the first of the year the gap between the NAV and the price has been closing fairly rapidly (from 15% to under 11% in under 10 days). Same thing is happening with similar fund AWP.
Does anyone have any theories as to why?
Here are a few of my guesses: 1. People rethinking/rebalancing their portfolios as of Jan. 1 has put more money into income-producing securities. 2. Cash that was riding out 2009 on the sidelines is now looking for better rates. 3. Could a dividend raise be on the way? They should announce on Monday the 11th, right? Maybe people are buying to get in ahead of that.