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<< Return to Part I

Below are six CEFs with 11% to 12% yields, distributed monthly:

ING Global Equity Dividend & Premium Opportunity Fund (NYSE:IGD), with an annual distribution rate of 11.87%, distributes $0.0930 per share to investors each month. The CEF is trading at a 6.00% discount to its $10.00 net asset value (NAV) and is currently 1.87% above its 200-day simple moving average (SMA).

(Click charts to enlarge)

AGIC Convertible & Income Fund II (NYSE:NCZ), with an annual distribution rate of 11.78%, distributes $0.0850 per share to investors each month. The CEF is trading at a 10.18% premium to its $7.86 net asset value and is currently 7.00% above its 200-day simple moving average.

Zweig Total Return Fund Inc. (NYSE:ZTR), with an annual distribution rate of 11.74%, distributes $0.0310 per share to investors each month. The CEF is trading at a 13.62% discount to its $3.67 net asset value and is currently 5.23% above its 200-day simple moving average.

Alpine Global Dynamic Dividend Fund (NYSE:AGD), with an annual distribution rate of 11.75%, distributes $0.0600 per share to investors each month. The CEF is trading at a 7.92% premium to its $5.68 net asset value and is currently 3.85% above its 200-day simple moving average.

PIMCO High Income Fund (NYSE:PHK), with an annual distribution rate of 11.72%, distributes $0.1219 per share to investors each month. The CEF is trading at a 58.98% premium to its $7.85 net asset value and is currently 4.23% above its 200-day simple moving average.

AGIC Convertible & Income Fund (NYSE:NCV), with an annual distribution rate of 11.33%, distributes $0.0900 per share to investors each month. The CEF is trading at a 10.30% premium to its $8.64 net asset value and is currently 10.14% above its 200-day simple moving average.

Continue to Part 3


Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in AGD, IGD, NCV, NCZ, PHK, ZTR over the next 72 hours.

Source: Monthly Income Ideas: 6 Closed-End Funds With 11% To 12% Yields (Part 2)