Author: Michael Foster, Contrarian Outlook

One yields 8.9% and is trading at a 9.1% discount.

This fund’s investors have gotten the same returns as tech investors more generally over the last 12 months, but a huge slice of those gains have come in CASH, thanks to its huge dividend.

Its yield is so large we can forget about both Wall Street’s financial products AND its “4% rule”.

This fund is run by one of the highest-regarded CEF managers in fixed-income, and it’s become particularly compelling in recent months.

I’ve got two CEFs for you today that trade at historically low valuations and are perfect plays on (still) oversold stocks, bonds and REITs.