Subject: Re: brk, STEW, for Americans with an IRA,
Would it be legal for the board of a mutual fund (closed end or not) to agree to sell a fund at a discount?
If an end to public operation were approved, it seems that a liquidation or distribution of all assets would be much better for the owners, so it's hard for management to justify any challenge.

Maybe a tender offer to buy some shares would be the most that a buyer could accomplish?

Jim