RE:Crazy Premium People chasing dividends have fewer and fewer of these stocks to pick from as DF and FFN have fallen below NAV of $15. As of yesterday DGS is technically below NAV of $15.10 required to pay (although that one is so close some are still willing to risk it).
As the shares fall one by one and stop giving dividends there are fewer and fewer to chase, so we have more buyers chasing fewer stocks which drives premiums up. This is all going to blow up when these high premiums come back down to earth.