I have been very unhappy with the way this fund has been managed but at discounts of 40% like this morning it might be a good time for current owners and Alpine itself to buy shares. I bought at 3.10 and will buy more if it goes down more tomorrow and the NAV goes down by a significantly less percent. Remember though that 0.38 of the NAV is Already promised as dividends that's 10% of the stock price
I am totally amazed at this funds performance----no leverage, no ARPS to redeem, experienced fund managers---I thought I was getting a buy with a good discount to NAV when I bought it at 14---haha. I have some other leveraged funds that are doing better (but still horrible and I don't know what makes me have hung on this long----I guess hoping for some recovery of all of them) My empathy is with you regarding worst investment ever, I think this might end up qualifying as mine.