You know we’re in a pricey market when even obscure high-yield plays like closed-end funds (CEFs) are pricey!
But we can still find deals in this space, which is hands-down my favorite field in which to hunt for big payouts. In focus today: one totally overlooked fund (from an equally overlooked management firm) throwing off a hefty 7.6% dividend.
This deal can’t last—with yields so low on everything from government bonds to large cap stocks, investors will inevitably seek out this hidden high yielder. And we’ll be in with an early position when they do. (We’ll also delve into two other funds from the same management firm that you need to avoid at all costs.)… Read more