SCHEDULE 13D/A

DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT

1/15/16

1. NAME OF REPORTING PERSON

Bulldog Investors, LLC

2. CHECK THE BOX IF MEMBER OF A GROUP                  a[ ]

                                                       b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS

WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED

PURSUANT TO ITEMS 2(d) AND 2(e)                        []

6. CITIZENSHIP OR PLACE OF ORGANIZATION

DE

___________________________________________________________

7. SOLE VOTING POWER

566,130

8. SHARED VOTING POWER

432,641

9. SOLE DISPOSITIVE POWER

566,130

_______________________________________________________

10. SHARED DISPOSITIVE POWER

432,641

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON

998,771 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]

___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11

12.09%

14. TYPE OF REPORTING PERSON

IA

1. NAME OF REPORTING PERSON

Bulldog Investors Group of Funds

2. CHECK THE BOX IF MEMBER OF A GROUP                  a[X]

                                                       b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS

WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED

PURSUANT TO ITEMS 2(d) AND 2(e)                        []

6. CITIZENSHIP OR PLACE OF ORGANIZATION

DE

___________________________________________________________

7. SOLE VOTING POWER

566,130

8. SHARED VOTING POWER

0

9. SOLE DISPOSITIVE POWER

566,130

_______________________________________________________

10. SHARED DISPOSITIVE POWER

0

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON

566,130 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]

___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11

6.85%

14. TYPE OF REPORTING PERSON

IC

____________________________________________________________

1. NAME OF REPORTING PERSON

Phillip Goldstein

2. CHECK THE BOX IF MEMBER OF A GROUP                  a[ ]

                                                       b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS

WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED

PURSUANT TO ITEMS 2(d) AND 2(e)                        []

6. CITIZENSHIP OR PLACE OF ORGANIZATION

USA

___________________________________________________________

7. SOLE VOTING POWER

566,130

8. SHARED VOTING POWER

432,641

9. SOLE DISPOSITIVE POWER

566,130

_______________________________________________________

10. SHARED DISPOSITIVE POWER

432,641

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON

998,771 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]

___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11

12.09%

14. TYPE OF REPORTING PERSON

IN

___________________________________________________________

1. NAME OF REPORTING PERSON

Andrew Dakos

2. CHECK THE BOX IF MEMBER OF A GROUP                  a[ ]

                                                       b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS

WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED

PURSUANT TO ITEMS 2(d) AND 2(e)                        []

6. CITIZENSHIP OR PLACE OF ORGANIZATION

USA

___________________________________________________________

7. SOLE VOTING POWER

566,130

8. SHARED VOTING POWER

432,641

9. SOLE DISPOSITIVE POWER

566,130

_______________________________________________________

10. SHARED DISPOSITIVE POWER

432,641

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON

998,771 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]

___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11

12.09%

14. TYPE OF REPORTING PERSON

IN

___________________________________________________________

1. NAME OF REPORTING PERSON

Steven Samuels

2. CHECK THE BOX IF MEMBER OF A GROUP                  a[ ]

                                                       b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS

WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED

PURSUANT TO ITEMS 2(d) AND 2(e)                        []

6. CITIZENSHIP OR PLACE OF ORGANIZATION

USA

___________________________________________________________

7. SOLE VOTING POWER

566,130

8. SHARED VOTING POWER

432,641

9. SOLE DISPOSITIVE POWER

566,130

_______________________________________________________

10. SHARED DISPOSITIVE POWER

432,641

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON

998,771 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]

___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11

12.09%

14. TYPE OF REPORTING PERSON

IN

_______________________________________________________

Item 1. SECURITY AND ISSUER

This statement constitutes Amendment #5 to the schedule 13d

filed September 25, 2015. Except as specifically set forth

herein, the Schedule 13d remains unmodified.

ITEM 4. PURPOSE OF TRANSACTION

See Exhibit A - Letter to the Company Secretary.

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

(a) As per the N-CSRS filed on August 4, 2015, there were 8,259,517 shares

of common stock outstanding as of May 31, 2015. The percentages set forth

herein were derived using such number. Phillip Goldstein, Andrew Dakos and

Steven Samuels own Bulldog Investors, LLC, a registered investment advisor.

As of January 15, 2016, Bulldog Investors, LLC is deemed to be the beneficial

owner of 998,771 shares of FAV (representing 12.09% of FAV's outstanding

shares) solely by virtue of Bulldog Investors LLC's power to direct the vote

of, and dispose of, these shares. These 998,771 shares of FAV include 566,130

shares (representing 6.85% of FAV's outstanding shares) that are owned by the

following entities over which Messrs. Goldstein, Dakos and Samuels

exercise control: Opportunity Partners LP, Calapasas West Partners LP, Full

Value Special Situations Fund, LP, Full Value Offshore Fund, Ltd., Full Value

Partners, LP, Opportunity Income Plus, LP, and MCM Opportunity Partners, LP

(collectively,"Bulldog Investors Group of Funds").

Bulldog Investors Group of Funds may be deemed to constitute a group. All other

shares included in the aforementioned 998,771 shares of FAV beneficially owned

by Bulldog Investors, LLC (solely by virtue of its power to sell or direct the

vote of these shares) are also beneficially owned by clients of Bulldog

Investors, LLC who are not members of any group. The total number of these

"non-group" shares is 432,641 shares (representing 5.24% of FAV's outstanding

shares).

(b)Bulldog Investors,LLC has sole power to dispose of and vote 566,130 shares.

Bulldog Investors, LLC has shared power to dispose of and vote 432,641 shares.

Certain of Bulldog Investors, LLC's clients (none of whom beneficially own more

than 5% of FAV's shares) share this power with Bulldog Investors, LLC.  Messrs.

Goldstein, Dakos and Samuels are control persons of Bulldog Investors, LLC.

c) Since the last filing on 12/16/15 the following shares of FAV were purchased:

Date:Shares:Price:

12/16/1511,2068.2055

12/17/1516,8008.2105

12/22/156,2658.2344

12/23/1514,5008.3915

12/28/1516,9208.4085

12/31/153,3438.4410

01/04/1611,2008.2966

01/05/162,0258.4119

01/11/166,6078.0474

01/13/162,6577.8748

01/14/162,1007.9125

01/15/1625,0007.7433

d) Clients of Bulldog Investors, LLC are entitled to receive any dividends or sales proceeds.

e) N/A

ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.

N/A

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS

Exhibit A - Letter to the Company Secretary

After reasonable inquiry and to the best of my knowledge

and belief, I certify that the information set forth in this

statement is true, complete and correct.

Dated: 1/19/2015

By: /S/ Phillip Goldstein

Name:   Phillip Goldstein

By: /S/ Andrew Dakos

Name:   Andrew Dakos

By: /S/ Steven Samuels

Name:   Steven Samuels

Bulldog Investors, LLC

By: /s/ Andrew Dakos

Andrew Dakos, Member

Footnote 1: The reporting persons disclaim beneficial ownership except

to the extent of any pecuniary interest therein.