I just figure if it is going to be run the same way as WAX and...

I just figure if it is going to be run the same way as WAX and WAA by the same people it should perhaps trade similar in relation to the NTA as those LICs. That theory should arguably mean a price closer to $1 rather than 90 cents. Maybe that logic is crazy.

Aside from that there is the benefits of the tax position CYA is in. Arguably then some may perceive the value above $1 currently. So far I am wrong though as the market was still 90 cents even after today's announcement. Perhaps I have missed something though and I do admit I need to read today's announcement again more closely.