Is the Dow 30 Enhanced Primium & Income Fund Inc. in trouble?

Dow 30 Enhanced Premium & Income Fund Inc. (the Fund) is a diversified, closed-end management investment company. The investment objectives of the Fund are to provide a high level of premium and dividend income, and the potential for capital appreciation. The Fund pursues its investment objectives principally through a multi-step strategy. The Fund will purchase the 30 common stocks included in the Dow Jones Industrial Average (DJIA Index), weighted in approximately the same proportions as in the DJIA Index (the Dow Stocks). The Fund will also purchase other securities or financial instruments, primarily swap contracts, designed to provide additional investment exposure (leverage) to the return of the Dow Stocks (the Additional Dow Exposure). The Fund also will engage in certain option strategies, primarily consisting of writing (selling) covered call options on some or all of the Dow Stocks (the Options). The Fund?s investment advisor is IQ Investment Advisors

Either they have made a major investment mistake (options?) or they have some illiquid investment they can't price mark-to-marked, forcing them to write off large amounts.

I don't know what has happened, but they can't just be holding the common stocks in the same proportions as in the DJIA.

This very much resembles some of the problems Funds ran into before the equity markets topped in October 2007.