After my father George Cole Scott's 50 year career in CEFs (27 as a CEF board memeber) and my 23+ years building portoflios for retail investors of CEFs this is a terrible idea. This will give no voice to the equity stock owners of the Funds. Discounts to NAV will widden and there will be no check on back behavior or a reason to imporve disoucnt trading. We are pro-CEF structure rarely ever want a fund to go out of CEF existanse (liquidate, open-end, convert to a non CEF), often support management decisions on investments - but discounts must be in check and board members must be accountable to the owners of the fund - no matter if you own 100 shares or 1 million. We know and cover this sector deeply at CEF Advisors & CEFData and offer a quarterly data trends and outlook session.