Closed-end bond funds, long a staple investment for retirees and those seeking income from their investments, have been left ...

Both are closed-end funds (CEFs) that sport deep discounts to net asset value (NAV, or the value of the bonds they hold). They also pay 7.5%+ dividends that come our way monthly, too. Let’s get ...

How to avoid the problem. One solution for investors who already own tax-exempt bonds at a discount deep enough to trigger de minimis tax is to exit the bond at or near the cost basis. That ...

The fund's discount has widened significantly recently ... UTF holds a couple of the corporate bonds issued, so there is some exposure there, too. The second-largest holding here is Enbridge ...