Alpine Total Dynamic Dividend (AOD) - Get Report trades at a 16.4 percent discount to its net asset value, below its three year average discount of 14.7 percent. John Cole Scott, chief investment officer at Closed-End Fund Advisors, does not expect that exaggerated discount to last. 'AOD's management aggravated investors a few years ago due to its dividend policy which it has since changed,' said Scott. 'Management has improved, but investors are still punishing it unfairly.' Tortoise Energy Independence (NDP) - Get Report trades at a 12.6 percent discount to its NAV. The three year average discount for the global equity fund is 10.1 percent. The pipeline MLP closed-end fund fell 35 percent in 2015 due to the drop in energy prices, but it is up 5 percent in 2016 and Scott expects more gains ahead.