You can buy $10.59 of assets for $8.70 at the open Monday.
Closed End funds can keep their head during credit crunches because they do not have to sell to cover redemptions. Those wishing to sell their shares do so on the open market. The 30% discount to assets and the nearly 20% yield on this was a gift this week. And it's still a gift IMO under $10.
EAD, ERC, EBI, RQI, DVM, PHH... diversified bonds, real estate, preferred at hefty historical discounts.