No, he is telling you that you need to do more due diligence and understand how closed end funds operate. What he is showing you is the Net Asset Value (NAV) of the fund, thus FMO is trading at a pretty hefty premium over the NAV. You may wait for a more opportune time to buy when the premium is lower or even at a discount. Take a look at the historical discount/premium graph at Morningstar or something.
Why would you buy something if you don't understand the mechanics of it? A Yahoo message board is not the best place to seek advice.