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Dividend cuts for closed-end funds were something that we certainly anticipated throughout this latest sell-off. Not only is that playing a role in CEFs, but will in ETFs and individual stocks just the same. This might be more prevalent for CEFs though, as they are unable to retain earnings as a corporation can. ETFs only pass-through income, so those are generally all over the board anyway.
The CEFs larger than usual payouts are thanks to them paying out almost all of the earnings that they can pull