Author: Michael Foster, Contrarian Outlook

Since its portfolio has nearly tripled in less than a decade — even after the big tech selloff of 2022 — the fund has built up enough profits to sustain payouts for many years to come.

We’ve been getting a number of questions from CEF investors in the last few weeks about return of capital, or ROC. The truth is, ROC is actually a BENEFIT of CEFs. Here’s why…

We’re not market timers, but I CAN tell you that if you’re investing for the long haul, now’s a good time to buy.

There’s a quiet shift happening in closed-end funds (CEFs) — and it’s primed to give those who buy now some very nice upside in 2023. And that’s in addition to the rich 7%+ dividends CEFs hand us.

Today we’re going to build ourselves a portfolio that hands us a double-digit yield… and we’re going to do it with just three funds.