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12 High-Yield Managed Distribution Policy Funds

Published Tue, 17 Dec 2013 05:43:33 -0500 on Seeking Alpha

Exchange traded funds (ETFs) and closed-end funds (CEFs) are composed of many different individual securities. This usually results in uneven dividend distributions. Some funds have tried to address this with a managed distribution policy. In short, a managed distribution policy is management's commitment to make a fixed periodic dividend payment.How Managed Distribution Policies WorkSince many funds distribute most of their income to shareholders in order to avoid taxation, funds with a managed distribution policy sometimes have cash left over at year-end that needs to be distributed. This is is normally done as a "special" one-time dividend. However, if the fund generates insufficient cash to cover the dividend, the fund is forced to sell some investments to cover the cash short-fall. In turn, this portion of the short-fall is treated as a return of capital and the fund now has lower assets to generate future income.Advantages of... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CORNERSTONE TOTAL RETURN FUND 11.38   0.0 0.00 2.48 22.00
CORNERSTONE STRATEGIC VALUE FUND 11.65   0.0 0.00 0.00 21.09
ZWEIG TOTAL RETURN FUND 10.84   0.0 0.00 1.47 12.26
ABERDEEN AUSTRALIA EQUITY FUND 5.39   0.0 0.00 0.00 10.45
GABELLI EQUITY TRUST 6.14   0.0 0.00 0.64 10.41
MFS SPECIAL VALUE TRUST 5.80   0.0 0.00 0.00 9.72
NUVEEN TAX-ADV TOTAL RETURN STRATEGY FUND 11.11   0.0 0.00 0.00 8.49
GABELLI UTILITY TRUST 7.20   0.0 0.00 0.00 8.26
DELAWARE INVESTMENTS DIVIDEND & INCOME FUND 13.87   0.0 0.00 0.00 7.93
DIVIDEND ANDOME FUND 12.00   0.0 0.00 0.00 6.67
TCW STRATEGIC INCOME FUND 5.78   0.0 0.00 0.37 6.29
BLACKROCK ENHANCED CAPITAL AND INCOME FUND 16.19   0.0 0.00 0.00 6.19
3M 170.58   20.6 8.28 5.76 3.41
GENUINE PARTS 97.52   18.1 5.38 3.05 3.14
EMERSON ELECTRIC 64.71   18.4 3.52 1.96 3.02
ILLINOIS TOOL WORKS 159.85   21.5 7.45 4.28 2.54
COLGATE PALMOLIVE 72.29   27.5 2.63 1.72 2.38
CINCINNATI FINANCIAL 113.24   15.3 7.41 2.24 2.00

CORNERSTONE TOTAL RETURN FUND - CRF
CORNERSTONE TOTAL RETURN FUND - CRF  


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