Subject: Re: Brkb, very odd sell off,
<<and holds ~ $700M of BRK and ~30+% of the fund.<<

FYI..The A shares have a cost basis of almost nothing. "Stu" bought those shares decades ago.

The B shares have a much higher cost basis so that's what they sell when they trim. Which at over 40% of CEF not long ago--is a regular modest exercise. They're at about 38% of CEF A+B shares. And a payout which is effectively over 4% since it's at a 22.5% discount to NAV