MSFT - ETB: A Stable And Secure 8% Yield Out Of This Solid CEF

• Income is very hard to come by in the current market due largely to the policies of the Federal Reserve.
• ETB uses an options strategy to generate a very high level of income off of the equity markets.
• The fund has a sizable allocation to the major technology companies but overall is roughly similar to the S&P 500 in composition.
• The fund appears able to maintain its current distribution over time despite the market volatility that we saw last year.
• The price is a bit high, but the premium is a very small one, and it might be worth paying for the overall income and reliability that the fund offers.

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