MCN - MCN: Great Yield But Richly Valued

• Investors continue to struggle with an inability to generate any significant amount of income off of their assets.
• MCN uses a covered call strategy to provide investors with a very attractive yield.
• The fund appears reasonably well-diversified as it invests in many different sectors.
• The fund's 9.00% yield is easily covered by its income and capital gains.
• The valuation looks a bit rich. It may make some sense to wait until it drops a bit before buying in.

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