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Many income portfolios have taken a substantial hit in March due to the macro-economic impacts of the COVID crisis. This has caused some investors to sit out the sharp bounce-back in asset prices and hunker down. While we expect near-term volatility to persist due to the extreme uncertainty about the path of the crisis we think there are reasons to dip into the CEF market. Our main takeaway is that if we do see another drawdown in the near-term it is likely to be less painful that what we experienced in March due to a