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Voya Infrastructure Industrials and Materials Fund of Beneficial Interest
IDE currently distributes 22.9 cents a quarter. This is attractive if it can be sustained.
I continue a series where I examine CEFs beyond the yield with a look at IDE which invests in utilities and infrastructure.
While the yield is attractive, the 10-year decline in NAV and the resultant distribution cuts make it clear that the fund continues to overpay the distribution and erode NAV.