FXBY - Closed-End Funds: Semi-Annual And Annual Distribution Payers
Written by Nick Ackerman, co-produced by Stanford Chemist
Generally, closed-end funds are sought after for their high distributions. These are typically paid on a monthly or quarterly frequency. Monthly paying funds are especially appealing to income-oriented investors. However, within the world of CEFs, some funds fit a bit of a different mold. There are semi-annual and annual dividend payers too. These generally have a very narrow focus. It also is interesting to note that they are relatively older too.
For some funds, year-end special distributions are when they can share a little extra with shareholders.