PDT John Hancock Premium Dividend Fund had a great idea last year they offered to buy back @98 of NAV for up to 5 or 8% of outstanding stock I jumped on it and made nice profit and immediately after being paid turned the whole amount around and rebought the stock. I think the company gained a lot of respect and the stock has been climbing rapidly ever since. Maybe Cohen and Steers should think about this
a divy increase would help to narrow the huge discounts in all the c&s funds! they knew how to take a knife to them in 08...now that the nav has doubled or more in most of the cef's they manage they should throw the shareholders a bone!