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Discounted closed-end funds (CEFs) are presenting potential investment opportunities for dividend-seeking investors. Following a market downturn in April, these funds, which sometimes trade below fair value for extended periods, are now available at discounts of up to 12%, offering yields as high as 9.7%.
Notable CEFs include:
- Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) – Distribution Rate: 8.4%, trading at an 11% discount.
- Neuberger Berman Next Generation Connectivity Fund (NBXG) – Distribution Rate: 8.3%, with an 11.2% discount to NAV.
- Royce Micro-Cap Trust (RMT) – Distribution Rate: 7.5%, trading around a 12% discount to NAV.
- Virtus Total Return Fund (ZTR) – Distribution Rate: 9.7%, currently at an 11% discount.
- Calamos Global Dynamic Income Fund (CHW) – Distribution Rate: 8.4%, trading at a 10.7% discount to NAV.
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