Understanding closed-end fund premiums and discounts
https://www.blackrock.com/us/individual/literature/investor-education/understanding-closed-end-fund-premiums-and-discounts.pdf
WEBThe basics of premiums and discounts. When the market price of a CEF is above its net asset value (NAV), the fund is said to be trading at a premium. Conversely, when a fund’s market price is below NAV, the CEF is trading at a discount. Based on these definitions, the common assumption is that premiums are advantageous, while discounts are ...
DA: 14 PA: 54 MOZ Rank: 16