CEF Closed End Fund Investing | Stock Discussion Forums

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech CEF Closed End Fund Investing

Previous 10 Next 10

To: CusterInvestor who wrote (31)	12/17/2020 9:50:16 PM
From: the traveler	1 Recommendation of 62

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.

Share	RecommendKeepReply Mark as Last Read

To: brehm233 who wrote (33)	12/17/2020 9:54:45 PM
From: the traveler	1 Recommendation of 62

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.

Share	RecommendKeepReply Mark as Last Read

To: brehm233 who wrote (33)	12/20/2020 12:01:34 PM
From: the traveler	of 62

>>>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?

Share	RecommendKeepReply Mark as Last Read Read Replies (2)

To: the traveler who wrote (36)	12/20/2020 12:49:20 PM
From: brehm233	1 Recommendation of 62

no, we just manually go through any we are interested in. have not tried CEF screening tools, so dont know what is available... good luck

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: the traveler who wrote (36)	12/20/2020 1:42:30 PM
From: CusterInvestor	2 Recommendations of 62

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

Share	RecommendKeepReply Mark as Last Read Read Replies (2)

To: CusterInvestor who wrote (38)	12/20/2020 10:39:14 PM
From: the traveler	of 62

thanks--will check it out.

Share	RecommendKeepReply Mark as Last Read

To: brehm233 who wrote (37)	12/20/2020 10:40:00 PM
From: the traveler	of 62

thanks. i do it the same way.

Share	RecommendKeepReply Mark as Last Read

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)%

RecommendKeepReply Mark as Last Read Read Replies (1)

To: the traveler who wrote (41)	12/21/2020 8:57:18 PM
From: brehm233	1 Recommendation of 62

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

Share	RecommendKeepReply Mark as Last Read

To: Kapusta Kid who wrote (19)	3/6/2021 12:46:27 PM
From: Max2.0	of 62

I have about 10 CEFs and about half are Equity CEFs. My position is that ROC is mostly meaningless in itself. The important metric for me is NAV. If it goes up or is constant over time, then all is well. If there is a consistent downward trend over time, then that is a red flag and I will avoid starting a position. In a CEF with declining asset value, I may look at ROC to analyze/determine if the fund is over distributing (IE: Destructive ROC).

Share	RecommendKeepReply Mark as Last Read