Will we ever close the gap to the NAV?Maybe Alpine will buy shares again since it is such a discount.What happens when they buy their own shares? I'm trying to think about how that works and it hurts my head. Anyone?
When a closed end fund such as AWP, sells at a discount to its NAV and buys back its own shares at the market price (at the discount price), the result is an incremental increase in the NAV.
It would also likely have the effect of decreasing the discount.