I've been discussing this CEF for 20 years on various boards. Once upon a time I thought Stew Horejsi, control shareholder, would just sell the entire fund to brk at a 5-7 % discount and cash out, that never happened. Now that Stew is approaching 90 and Buffett is leaving, this might happen in the next two years.

IF, you believe a Dem might get elected in 28 and IF you believe they really might try to tax the super-rich, why not do your estate planning while Trump is in office at the current tax rates?

Stew could call Buffett and do this deal in less than an hour, it's less than 3 billion total, an odd lot buy for brkb.

Years ago the fund was VERY shareholder unfriendly, super high fees, tho they did take my calls.

Here is a bit about Stew.

forbes.com - Stewart horejsi