DYFN - CEF Report June 2021 | The Winch Tightens Further

• Fixed income CEF discounts continue to tighten and are approaching 20-year highs. This won't last for long. Part II of this report will focus on when this ends.
• Muni CEFs remain a better value than taxables but there are small pockets of opportunity in the taxable side if you look and are willing to be tactical.
• We focus on a few funds that have the characteristics we are looking for: wider discount, higher yielding (even if not earned), and solid NAV momentum.
• We like here: BGH, NSL, JFR, JGH, GHY.

For further details see: