Author's note: Data were taken from CEFConnect on the close of April 20.
For the inaugural issue of The Chemist's High-High-Low CEF Report (October 2017), describing the background and rationale of the Report, please click here.
For the "High-High-Low" report screens following 3 attributes that we would like to screen for:
- High distributions (>7.5%) (i.e., 7.5% or higher yields)
- High coverage (>90%) (i.e., 90% or better coverage)
- Low premium/discount value (<0%) (i.e., trading at a discount)
Note that the above thresholds are subject to change, based on the number of eligible CEFs there