Because CEFs are renowned for their high—and often monthly—payouts, with the average CEF yielding around 8% today. But back to discounts. Luckily for us, they’re common in the CEF world ...

Few people pay much attention to the management team of a closed-end fund (CEF). But it’s becoming a much more critical factor driving CEF upside (and downside!), as well as these funds’ 8% ...