Buying Back EAD

Bought back Wells Fargo Income Advantage Fund (EAD) yesterday..I sold it July and October, when it was much higher than now and traded at big (up to 5%) premium to the NAV. Now it's just above $9 and trades at a discount to NAV. With yield almost 10%, it looks like a bargain.


Full disclosure: at the time of publication author had a long position in EAD.