Alpine Total Dynamic Dividend CEF (AOD)

[bar1080]

Referring to the word "Dividend" in the board title? That is the name of the security. So I can't do much about the title. There are plenty of funds with "Growth" in the name that go years without "growing".

Here's what Alpine says: "These monthly distributions may consist of net investment income, net realized capital gains and / or a return of capital."

There have been a number of very cerebral university journal articles written about the quirkiness of CEFs.

For example: http://www.economics.harvard.edu/faculty/shleifer/files/closed_end_mut_funds.pdf

Why do some bad CEFs sell at premiums to NAV? Why do some good ones sell at discounts to NAV? Some very brainy people don't know.

What is known: over a very long period the market price and the underlying economic value tend to converge. I wouldn't touch any CEF selling at a premium.