The Economist Just Changed the Game for These 7.8% Dividends

I’ve been covering CEFs for about a decade, and I’ve never seen them get as much attention as they are right now. And it’s only the beginning. We talked about the much-brighter spotlight on our favorite income plays in the November issue of my CEF Insider service. Back then, we noted that big institutional investors (including the particularly aggressive folks at Saba Capital Management) were starting to pressure CEFs to change or shut down. Shuttering a fund may sound dramatic, but the key thing to bear in mind here is that doing so can result in an immediate gain for investors.… Read more
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