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   Non-TechCEF Closed End Fund Investing


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To: CusterInvestor who wrote (32)12/17/2020 7:52:27 PM
From: brehm233
1 Recommendation   of 57
 
You can reduce the field if
eliminate all selling at premium
eliminate all whose NAV is below ipo value
look only at 6+% yielders

fwiw

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To: CusterInvestor who wrote (31)12/17/2020 9:50:16 PM
From: the traveler
1 Recommendation   of 57
 
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
1 Recommendation   of 57
 
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
   of 57
 
>>>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 12:49:20 PM
From: brehm233
1 Recommendation   of 57
 
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

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To: the traveler who wrote (36)12/20/2020 1:42:30 PM
From: CusterInvestor
2 Recommendations   of 57
 
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: CusterInvestor who wrote (38)12/20/2020 10:39:14 PM
From: the traveler
   of 57
 
thanks--will check it out.

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To: brehm233 who wrote (37)12/20/2020 10:40:00 PM
From: the traveler
   of 57
 
thanks. i do it the same way.

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To: brehm233 who wrote (33)12/21/2020 8:25:22 PM
From: the traveler
2 Recommendations   of 57
 
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
1 Recommendation   of 57
 
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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