Copyright © 2013 Knight Sac Media. All rights reserved.http://www.siliconinvestor.com/subject.aspx?subjectid=58685Goal is to discuss investing strategies for closed end funds. for info and further evaluation: cefa.com  cefconnect.com  socialize.morningstar.com http://www.siliconinvestor.com/images/Logo380x132.pnghttp://www.siliconinvestor.com/subject.aspx?subjectid=5868538013210CrossyCEF preferred funds (e.g. FFC etc.) let me post a pointer to my recent note on FFC regarding NAV premium and a suggestion for rebalancing http://www.siliconinvestor.com/readmsg.aspx?msgid=28688473 rgrds CROSSY http://www.siliconinvestor.com/readmsg.aspx?msgid=286884771/26/2013 5:14:08 AMbrehm233Any one getting excited about KOL, its at a 2 year low? We used to trade it monthly, but with all the polital 'stuff' its done nothing but drop...http://www.siliconinvestor.com/readmsg.aspx?msgid=281695395/25/2012 4:02:24 PMKapusta KidCEF Connect (which is acting a bit squirrelly as I write) shows NO ROC in GGN's distributions over the last 2 years. But given that the fund uses options (i.e., sells calls on its positions), it wouldn't necessarily be a bad thing if there were ROC. I own some for the dividend. NAV and market price are both declining...http://www.siliconinvestor.com/readmsg.aspx?msgid=281550045/18/2012 2:45:57 PMCusterInvestorGGN I've been interested in it for years, but kept getting put off for various reasons, one being that a good portion of dividend is supposedly return of capital--but I never looked deep enough into it to verify. Would also appreciate more insight.http://www.siliconinvestor.com/readmsg.aspx?msgid=281442975/14/2012 6:16:46 PMbrehm233Any thoughts on GGN? I own a few shares, not sure why, except for the distributions. Seems S/A articles like it. Per cef, its not covering distributions, and trades at a premium. GAMCO Gold & Natural Resources Another gold related company getting cheaper by the day is Gamco Gold & Natural Resources Income Trust. ...http://www.siliconinvestor.com/readmsg.aspx?msgid=281442305/14/2012 5:39:07 PMKapusta KidDouglas Albo occasionally posts articles on Seeking Alpha re CEFs. The comments of 'GlobalTrekker' on CEFs are also worth reading. Also, Albo, Greg Group and 'The Simple Accountant' have all written useful articles on the general topic of distributions vs. income and on a CEF's Return of Capital. I don't think any...http://www.siliconinvestor.com/readmsg.aspx?msgid=281279125/6/2012 2:55:47 PMorchid25Bought PFN today. Pimco Closed End Fund, less than 2% Premium which is not bad for a Pimco fund. Distribution rate approx 7.8%, paid monthly. I like monthly payers. Helps me eat daily. Earning 8 and 7/8 cents, paying out 6.5 cents, UNII positive at over 23 cents, no ROC. Looks interesting so I bought some. FWIW O...http://www.siliconinvestor.com/readmsg.aspx?msgid=281165594/30/2012 9:22:23 PMshadetreethinkerInteresting article at morningstar news.morningstar.com  While it deals with leverage transparency by fund families. It also makes the point that choosing a CEF is more than just its distribution rate and if it is trading at a discount or premium. Most important is if the CEF is suitable to your portfolio and risk p...http://www.siliconinvestor.com/readmsg.aspx?msgid=281111224/27/2012 2:45:55 PMLTBHETG expenses 1.64%; FFC expenses 1.64% ... not sure why you consider its expenses are high. Believe purchases when in 6% discount area present better entry if you can wait for the dips. I like ETG's current holdings but am not crazy about the frequent turnover of almost 100%. Depending on what type fund and holdings ...http://www.siliconinvestor.com/readmsg.aspx?msgid=281097824/26/2012 11:30:13 PMdrpiranhaCuster, In checking it out, I saw that one of their strategies is Dividend Capture and I don't particularly like that strategy. For my foreign exposure, I'm using PKO (multi sector), DEX (global growth and inc), and AWF (emerging mkts inc) Milthttp://www.siliconinvestor.com/readmsg.aspx?msgid=281097574/26/2012 11:18:10 PMCusterInvestorETG Any opinion on this one? Costs seem high, moderate leverage, but has been consistent. A. Eaton Vance Tax-Advantaged Global Dividend Income Fund B. Symbol ETG: $14.35 C. Symbol XETGX: Net Asset Value, April 26th: $15.02 D. 4.66% Discount to Net Asset Value E. 10.3-cents per month; $1.236 annual divide...http://www.siliconinvestor.com/readmsg.aspx?msgid=281096714/26/2012 10:29:16 PMKEN2CWLI am going to start tracking it on a watch list and if it pulls back during a time I have excess cash i will probably jump in. Thanks for the heads up. Looks pretty good. I wish the average maturity was a little shorter but you can't have everything. Kenhttp://www.siliconinvestor.com/readmsg.aspx?msgid=281054394/25/2012 12:45:16 PMshadetreethinkerKen, One of my top 5 CEF holdings. Alliance Bernstein Global High Income Fund. (AWF). inception date July 1993, team managed. A 1.3 billion bond fund invested in 52 countries. (62% in US) expense 1.01 .10 monthly dividend. current yield 7.96%currently trading at a 3% premium but does dip into discount territory. ...http://www.siliconinvestor.com/readmsg.aspx?msgid=281042394/24/2012 11:49:16 PMshadetreethinkerPortfolio of a Roller Coaster Rider Preferreds: 55.5% CEFs: 44.0% Cash: 0.5% Sleepfactor: excellent Excitement: priceless STThttp://www.siliconinvestor.com/readmsg.aspx?msgid=281012704/23/2012 11:50:04 PMdrpiranhaCEF Portfolio composition for a nontaxable income acct: 10% Preferred 15% MLP 7.5% Energy/Resources 10% High Yield 10% Multi-Sector 10% Growth & Income 7.5% Covered Calls 10% Emerging Markets Income 10% Global Growth & Income 10% Taxable Income: Investment Grade What does everyone think? Milthttp://www.siliconinvestor.com/readmsg.aspx?msgid=281012544/23/2012 11:38:25 PMshadetreethinkerLTBH, I agree with you whole heartedly. When I bought PFO, I liked the utility exposure that it offered. Buying UTG a few months later took care of the utility sector. I should have looked at trading PFO back then, but I didn't. Hindsight is a wonderful thing that teaches us what not to do again, but sometimes procras...http://www.siliconinvestor.com/readmsg.aspx?msgid=280983674/22/2012 4:46:21 PMorchid25I wish you and this new site Good Luck and hope it does well. I have a small quantity of CEF's, I own stocks like ACG, GDO, PHD, PFL, PKO, DMO, KYN, CEM, TLI and from time to time dabble in a few others. I agree that Mr. Tug is a Master when it comes to CEF's, I have had the pleasure of reading his posts for some ye...http://www.siliconinvestor.com/readmsg.aspx?msgid=280980434/22/2012 12:49:47 PMXXthCmanI hope this will be a good format for discussion of cefs. I do use the I V cef board as well since the fabled Tug posts on that site and I V does have a superior format for messages. Its one that's really designed as a message board and not a bolt-on like so many places. S I although old fashioned certainly offers a...http://www.siliconinvestor.com/readmsg.aspx?msgid=280978814/22/2012 11:17:07 AMLTBHIf you like PFO, then suggest checking out FFC which has 40% the premium of PFO while earning more than its dividend (PFO doesn't), has more daily trading volume and a lot more UNII. FFC pays .136 and earns .1427 while PFO pays .0755 and earns .705. I own FFC and believe is hands down the better choice in each category...http://www.siliconinvestor.com/readmsg.aspx?msgid=280978154/22/2012 10:28:59 AMKEN2CWLI am light in the CEF area but if some see strong CEFs at a discount I hope they will be posted. I am not against adding if the price is right. I own just a couple currently. Ken Edited to add... Some time ago I owned more CEFs and belonged to another group called "retire with closed end funds". I found with the stoc...http://www.siliconinvestor.com/readmsg.aspx?msgid=280977064/22/2012 6:51:11 AMshadetreethinkerMilt, If you can find "proper" percentages, let me know. I think we are dabbling in uncharted territory.http://www.siliconinvestor.com/readmsg.aspx?msgid=280976514/22/2012 2:48:15 AMdrpiranhaMy Portfolio (after I get through trading on Monday) will be 33% Preferred stock, 33% high quality dividend and income stocks, 25% CEF's, and 8-10% covered calls on my high quality dividend stocks. My Preferred stocks and Dividend stocks are pretty much established with what I want to do. The CEF's are a work in progr...http://www.siliconinvestor.com/readmsg.aspx?msgid=280976504/22/2012 2:27:14 AMshadetreethinkerWhy Invest in Closed In Funds? If I had taken a minute to think about it, I would have made this the first post of this board. With ten times more open mutual funds out there, why invest in a CEF (Closed In Fund)? Like probably 90% of people on here, I started by investing in open end funds. The financial magazines...http://www.siliconinvestor.com/readmsg.aspx?msgid=280976384/22/2012 1:47:58 AMshadetreethinkerFlaherty and Crumine Preferred Income Opportunity Funds (PFO) changing the makeup of their fund. In their proxy statement for this year's annual meeting, F&C is recommending shareholders vote in favor of removing the fund's requirement that 25% of its portfolio contain utility preferreds. Their reasoning is less than...http://www.siliconinvestor.com/readmsg.aspx?msgid=280976144/22/2012 12:49:48 AM