To: CusterInvestor who wrote (31) | 12/17/2020 9:50:16 PM | From: the traveler | | | I have quite a few cef's but things are so high now nothing hits my buy list presently. Mainly use them for income--have held some for years at a time. Do trade from time to time though.
Currently holding--FAX, AWF, BIT, UTF, HIO, EOI, GHY, FFC, RQI, MFD, HIX, JPS, DFP, PCI, DSL
Have held initial buys in some of these many years. Good luck. |
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To: brehm233 who wrote (33) | 12/17/2020 9:54:45 PM | From: the traveler | | | excellent--add to that a nice current discount to NAV and that's about all I do. I admit however, I am always looking for more yield. |
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To: brehm233 who wrote (33) | 12/20/2020 12:01:34 PM | From: the traveler | | | >>>You can reduce the field if eliminate all selling at premium eliminate all whose NAV is below ipo value look only at 6+% yielders<<<
Do you have a screening tool that screens for the above criterion? In particular one that can eliminate cef's with NAV below IPO value? |
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To: the traveler who wrote (36) | 12/20/2020 1:42:30 PM | From: CusterInvestor | | | I have started using this screener. It is some awkward to use, but when you select criteria, you can check more than one box. For example, I checked for monthly payers, selling at a discount (checking all the boxes from zero down), and paying 7 percent or higher. It provided a list of 72 funds.
cefconnect.com |
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To: brehm233 who wrote (33) | 12/21/2020 8:25:22 PM | From: the traveler | | | Did some preliminary analysis----Not sure how this will line up.
| # | | | | | | | (DISC)/ | TICKER | D | FUND NAME | PRICE | NAV | INCP | YLD | INCP | PREM | | I | | 12/18/20 | 12/18/20 | NAV | 12/18/20 | DATE | 12/18/20 | | S | | | | | | | | | T | | | | | | | | SRV | 12 | Cushing MLP & Infras Tot Return | 22.61 | 29.27 | 19.06 | 6.37% | 8/27/2007 | (22.75)% | GDV | 12 | Gabelli Dividend & Income | 21.28 | 24.61 | 19.06 | 6.20% | 11/28/2003 | (13.53)% | GGZ | 4 | Gabelli Global Small & Mid Cap Value Tru | 12.56 | 15.04 | 12.00 | 5.10% | 6/23/2014 | (16.49)% | GRX | 4 | Gabelli Healthcare & Wellness Trust | 11.78 | 13.66 | 8.00 | 5.09% | 6/19/2007 | (13.76)% | GAM | 1 | General American Investors | 36.73 | 43.54 | 10.00 | 6.80% | 2/1/1927 | (15.57)% | RMT | 4 | PIMCO Energy & Tactical Credit Oppst | 10.00 | 11.69 | 7.25 | 6.00% | 12/14/1993 | (14.46)% | RVT | 4 | Royce Value Trust | 16.23 | 18.47 | 10.00 | 6.16% | 11/19/1986 | (12.13)% | SOR | 4 | Source Capital | 40.40 | 44.91 | 16.00 | 6.34% | 10/24/1968 | (10.04)% | HQH | 4 | Tekla Healthcare Investors | 23.28 | 26.09 | 10.00 | 8.25% | 4/23/1987 | (10.77)% | CEE | 1 | The Central and Eastern Europe Fund | 25.00 | 29.00 | 16.74 | 5.85% | 3/6/1990 | (13.81)% | INF | 4 | The India Fund Inc | 19.97 | 22.35 | 14.02 | 8.41% | 2/23/1994 | (10.65)% | |
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To: the traveler who wrote (41) | 12/21/2020 8:57:18 PM | From: brehm233 | | | Just lets assume the market knows more than i do, so it already has considered, hedgings, quality of issues own, leverage, interest rate swaps,liability of location of issues, etc.... so the distributions rate versus the dis/ premium should tell us something regarding how the perceived market price is determined??? just thoughts, anyone thoughts...tia |
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