Gimmicks aren't saving CLM. As of Friday 5/25/19 its premium declined to 4.23% from an annual peak of 19.4%. CLM might well plunge to a deep discount in an extended bear market. Nowadays this fund is full of hot money that's quick to exit in bad times. https://www.cefconnect.com/fund/CLM
CEFs are usually poor performers in bear markets.
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