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Alpine Global Premier Propertie Message Board

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  • frankenstein1607 frankenstein1607 Jun 14, 2012 6:14 PM Flag

    Tender is creative, but how about just do your jobs...

    They're not doing this as a gimmick to increase NAV. They're doing it because they've been pressured by Arthur D. Lipson's Western Investment LLC, who's one of their largest shareholders and is looking to close the price-to-NAV gap and unlock shareholder value.
    I've been following them for a while, Western is a very active shareholder activist in the CEF space. Buying whatever they buy seems to be a good strategy. Philip Goldstein's Bulldog Investors is another one.

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