"I do not want my assets sold off cheaply in this environment so that the fund can be wound up to appease impatient shareholders who don't understand the purpose or nature of the fund."
I get where you're coming from, but I'm not so sure it's just impatient shareholders who lack understanding here.
Take Miles Staude from GVF. He has taken a large stake in this fund, with the express intention of "closing the discount." That's what his fund does. From the wording of his announcement months back regarding "removal of the board" of BAF, it seemed he played an active part in doing just that. He is well linked with Wilson, which appears to be the future of this fund, so I doubt a wind up is where this is headed.
But you can bet he also doesn't intend for this fund to be languishing at a discount indefinitely, and will take steps to enact his usual "discount capture strategy", if necessary.
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