Buy back later. There is no reason to buy any closed end fund that trades at 23% more than its underlying assets. Would you buy any MLP at 23% more than its current market price?

Note that KYN sold at a discount from late November through early December. That means it could go down 20% from here without anyone batting an eye.

Anyone that doesn't sell here is a stubborn fool that isn't interesting in maximizing their return.

If anyone insists on holding an MLP closed end fund, sell KYN and buy FEN. FEN trades at only (weird only) 7.2% premium to NAV, and even yields more than KYN (although published yield is of zero value in judging these investments).

FEN is at much much lower risk of a steep decline.