As hard as it may be to believe,  CRF was selling for over 100% premium on May 9 [via CEFconnect]!  It's dropped a little since then.  This may be the most extraordinary and unbelievable CEF price actions of all time. 

I think it's time to load up on this baby! If people are willing to buy at a 100% premium, then it must be a great stock. I'm sure it's heading to a 200% premium. That's when I'll sell. They always say that it's good to have an exit plan in place.This is a sure fire winner.

Never mind that the net asset value has declined over 50% since inception. What a great cash cow this is! 13% distribution.

Let's not forget sister fund CLM either. This is one of the "hidden gems" in the CEF world. It's only trading at a 65% premium, so people haven't discovered it as much as CRF. That makes it an even better deal than CRF. And the best part is that it pays over 16%! The fact that the net asset value has lost 58% since inception is of no consequence. Pay no attention to the bashers who dwell on those meaningless statistics. They are obviously short sellers trying to drive the price down.

 :-) 

Steve