Alpine Global Dynamic Dividend Fund: CEF That Least Deserves To Be Trading At A Premium

There is nothing I despise more among Closed-End funds (CEFs) than a fund trading at a premium price over its NAV that doesn't deserve it. When I look at the performance since inception of the Alpine Global Dynamic Dividend fund (AGD), I wonder who in their right mind would ever buy this fund at a premium again when just about every other equity CEF I follow has had much better NAV performance and yet most still trade at market price discounts well below their NAVs.

AGD is one of two global equity CEFs from the Alpine funds, the Alpine Dynamic Dividend fund (AOD) being the other, that use a dividend harvest strategy to generate income that the funds pass on to investors in the form of high distributions and yields. Essentially, a dividend harvest strategy overweights high dividend paying stocks right before they go ex-dividend and then rotates assets to