QQQ - Equity CEFs: With A Merger Finally Approved What Should GPM Shareholders Do?

• The Guggenheim Enhanced Equity Income Fund was up another 3% last Thursday after a proposed merger into a fixed-income CEF, the Guggenheim fund, was finally approved by both fund's shareholders.
• Then consider that GPM went ex-dividend the day before but yet still rose to its highest market price since the 2008 financial crisis, even after distributions.
• GPM is now up a stunning 60% YTD while going from an -11% discount at the start of the year to around a +14% premium today.
• What's interesting is that the acquiring fund, the Guggenheim Strategic Opportunities Fund, is at an even higher market price premium of +24% but with a flatlining NAV.
• What's going on? It's just the wacky world of CEFs where market price premiums and discounts have little to do with how a fund's NAV is performing.

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