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Explorer ○○○

Very good article on CEF's yesterday for understanding them

WSJ had a article yesterday titled Closed-end Funds: The Comeback Tour [by Randall Smith]. Since it is proprietary I can't give a link to it....

 Suggest strongly that you get a copy and review it if a CEF follower and investor....

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Employee
Employee

Re: Very good article on CEF's yesterday for understanding them

I believe this is the article which is behind a paywall:

Closed-End Funds Are Trying to Make a Comeback
The disrespected form of mutual funds might be getting a second life

By Randall Smith
Updated Sept. 7, 2020 8:30 pm ET

https://www.wsj.com/articles/closed-end-funds-are-trying-to-make-a-comeback-11599491743

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Contributor ○

Re: Very good article on CEF's yesterday for understanding them

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Frequent Contributor

Re: Very good article on CEF's yesterday for understanding them

Not only, new offers will be made available, even the old ones are making a comeback. Did you watch the past two days on KIO and PCI? I am probably down by $30 k instead of $150 k back in March/April. This means that total return is positive for the year. I rotated the shares from taxable account to ROTH accounts. I also bought some more. So, the average prices have come down - yield is up compared to what I had back in January. Since I bought some more last week in my Roth Account, I sold the ones today in the taxable account to reduce the tax.

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