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Closed-End Funds: 12 Funds In The 10%+ Yield Club At A Discount

Published Thu, 31 Jan 2019 12:45:18 -0500 on Seeking Alpha

This type of article appears to have been popular with many investors on Seeking Alpha due to the success of my last article covering this topic, so I wanted to revisit and get an updated look at the funds that show up this time.
When looking for the next potential investment, it's a good idea to start with a screener to narrow in on a group of investments that may have potential. I chose for this list a few requirements to narrow in on some potentially attractive CEFs:
All CEFs on this list are invested primarily in equities, because I feel that equities are a better choice for long-term investors. Another potential benefit with equity funds is the opportunity for lowered taxes through the funds utilizing capital gains to fund the distributions. All the CEFs listed are trading at a discount from their NAV per share. All the CEFs listed are yielding over 10%. I did not do any further research into the funds listed as far as sustainability so of course, please do you own due diligence. This list is merely a starting point to potentially find some attractive funds. There is a risk that at any time a fund can cut its distribution which would most likely cause the share price to drop sharply.
The funds are ranked from 12th to 1st based on yield, lowest to highest.

12. Special Opportunities Fund, Inc. (SPE)
SPE is a relatively small fund, with only $179.521 million in total assets. The fund is operated by "Bulldog Investors LLC), the fund was formerly... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
FIDUCIARY/CLAYMORE MLP OPPORTUNITY FUND 8.91   0.0 0.00 0.00 14.36
TORTOISE MLP FUND 12.38   0.0 0.00 0.00 13.55
GABELLI GLOBAL GOLD NAT RES & INC TRUST 4.44   0.0 0.00 0.00 13.48
ZWEIG TOTAL RETURN FUND 10.84   0.0 0.00 1.47 12.26
GUGGENHEIM ENHANCED EQUITY 7.85   0.0 0.00 0.00 11.85
ING GLOBAL EQUITY DIVIDEND & PREMIUM OPP 6.37   0.0 0.00 0.00 11.47
SPECIAL OPPORTUNITIES FUND 14.12   0.0 0.00 0.00 6.50
 

FIDUCIARY/CLAYMORE MLP OPPORTUNITY FUND - FMO
FIDUCIARY/CLAYMORE MLP OPPORTUNITY FUND - FMO  


Older articles featuring Fiduciary/claymore Mlp Opportunity Fund (FMO):
Midstream/MLP Earnings So Far: M&A, Dividends, Buyback And ESG
High MLP/Midstream Yields But Ample Coverage, Payout Ratios
Framing Current Midstream/MLP Yields With Stress Tests
Examining Midstream C-Corp Dividends As Yields Rival Historical MLP Yields
2020 Vision: What's The Outlook For Midstream/MLP Dividends This Year?
Income Investing And The Changing Yield Curve
The Highest Yield Left In The Market
Do Dividend-Paying Stocks Make Better Investments?
Closed-End Funds: 12 Funds In The 10%+ Yield Club At A Discount
You Were Warned: MLPs And 'I Bought It For The Dividend'

More