What Is a Closed-End Fund? A Simple Guide for Income Investors
Closed-end funds can trade below the value of their assets and pay regular income, but high yields and discounts require careful analysis. Here is a simple guide for income investors.
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Can You Really Buy $1 for 80 Cents?
Closed-end funds can trade below the value of the assets they hold. A calm investor can use that gap thoughtfully, but discounts are never free money.