This answer is from why have closed end municipal tax free bond funds falled so far?
Kristen Sullivan said
Dave Hanson and I just wrote about what's going on with closed-end funds in the current market environment over on the closed-end fund discussion page. Check it out here.
The Wall Street Journal reported last week that investors have been jumping out of closed-end funds and driving their price down. This article is worth a read: Investors Dump Closed-End Funds.
Hope this helps,
Kristen


