Why is NCV going down lately ?
The NAV isn't really going down, the discount has just gotten tighter. About a month ago it was over 10%, now it is around 7%.
over half of their portf. is pref. or convert stock.... and is down witht the market.
possible cap gain tax increases... possible divy tax rate increases and general softness in market. this might be a good time to add to position or start one in ncv