I would like to get this board's views on buying a CEF at a premium. The generally accepted thought is that a CEF should only be bought at a discount to NAV or at least for less than the average discount or premium. However, there are some CEFs that seem to invariably sell for premiums. For example, since
Dec. '08, DPD has been selling at a premium as great as 25% with an average of 10%. I ...