GLU - Evaluating CEFs: Narrow Distribution Coverage From GLU

• GLU has a 5.95% current yield, generous but is it sustainable?
• I continue a series where I examine CEFs beyond the yield with a look at GLU, another fund managed by Gabelli.
• The modest increase in NAV over the last 10 is one indication that the distribution is covered.
• While the 5%+ discount to NAV may look like a good deal, and GLU isn't a bad investment, I think there are better funds in the utility sector.

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