In our series on municipal closed-end funds (CEFs), we have highlighted consistently what investors should be looking for when investing so as to avoid the nasty distribution cut surprise. We analyze the muni space each month based on the financials that are newly released by the fund sponsors, and the dividend announcements that come out, usually on the first of every month.
What are we looking for?
Essentially, we want to find high quality funds that report their EPS and UNII data at least quarterly (preferably monthly) and meet the characteristics that we seek. Those