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Some Closed-End Funds Seem To Have Permanent Premiums
FYI: Among the stock market’s many anomalies is the persistent premium over net asset value—20% to 80% or more in many cases—that often exists for a small number of closed-end mutual funds. For example, Gabelli Utility Trust (GUT) has had an NAV floating around $5 a share for the past year but has been trading between $6 and $7.
