This article was originally released a month ago - we continue to find value in these sectors and funds.
Many CEF commentators, us included, follow the unsavory journalistic practice of "if it bleeds, it leads", at least with respect to distribution cuts, focusing on particularly sharp slashes and associated price crashes. In this article, we instead want to focus on the "bright side of life" for a change and discuss sectors whose distributions are holding up and whose earnings and yields are attractive.
Three sectors that we highlight are the non-agency residential mortgage, loan and