According to the recent prospectus announcing the liquidation, the calculated per share value of the fund was 12.26 based on market value of holdings ($ 46 MM) and shares outstanding (3 plus MM) in early Jan. 2013 [i don't have the exact figures in front of me]. Also according to SEC filings on two separtae occasions in early Jan. , the largest shareholder (25% or so ownership) continues to buy shares. I don't understand why the fund shares at 12.55 are selling for more than what the gross liquidation value is, before liq. expenses. Can anyone explian?