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<< Return to Part 3

Below are 10 closed-end funds with 9.5% to 10% yields, distributed monthly:

First Trust/Fidac Mortgage Income Fund (NYSE:FMY), with an annual distribution rate of 9.97%, distributes $0.1600 per share to investors each month. The CEF is trading at an 8.38% premium to its $17.77 net asset value (NAV) and is currently 3.51% above its 200-day simple moving average (SMA).

(Click charts to enlarge)

Delaware Enhanced Global Divide (NYSE:DEX), with an annual distribution rate of 9.89%, distributes $0.1025 per share to investors each month. The CEF is trading at a 2.64% premium to its $12.12 net asset value and is currently 10.17% above its 200-day simple moving average.

Wells Fargo Advantage Income Opportunities Fund (NYSEMKT:EAD), with an annual distribution rate of 9.92%, distributes $0.0850 per share to investors each month. The CEF is trading at a 6.20% premium to its $9.68 net asset value and is currently 7.43% above its 200-day simple moving average.

American Strategic Income Portfolio III (NYSE:CSP), with an annual distribution rate of 9.77%, distributes $0.0375 per share to investors each month. The CEF is trading at a 15.43% discount to its $8.10 net asset value and is currently 1.07% above its 200-day simple moving average.

MFS Special Value Trust (NYSE:MFV), with an annual distribution rate of 9.75%, distributes $0.0571 per share to investors each month. The CEF is trading at a 1.89% premium to its $6.89 net asset value and is currently 3.72% above its 200-day simple moving average.

Pioneer Diversified High Income Trust (NYSEMKT:HNW), with an annual distribution rate of 9.57%, distributes $0.1600 per share to investors each month. The CEF is trading at a 2.61% premium to its $19.55 net asset value.

Western Asset High Income Fund II Inc. (NYSE:HIX), with an annual distribution rate of 9.86%, distributes $0.0825 per share to investors each month. The CEF is trading at a 13.32% premium to its $8.86 net asset value and is currently 6.03% above its 200-day simple moving average.

Pioneer High Income Trust (NYSE:PHT), with an annual distribution rate of 9.82%, distributes $0.1375 per share to investors each month. The CEF is trading at a 25.00% premium to its $13.44 net asset value and is currently 2.81% above its 200-day simple moving average.

Helios Total Return Fund, Inc. (NYSE:HTR), with an annual distribution rate of 9.61%, distributes $0.0475 per share to investors each month. The CEF is trading at a 0.17% discount to its $5.94 net asset value and is currently 4.93% above its 200-day simple moving average.

Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS), with an annual distribution rate of 9.55%, distributes $0.0875 per share to investors each month. The CEF is trading at a 12.50% discount to its $12.56 net asset value and is currently 7.01% above its 200-day simple moving average.

Continue to Part 5


Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in CSP, DEX, EAD, EOS, FMY, HIX, HNW, HTR, MFV, PHT over the next 72 hours.

Source: Monthly Income Ideas: 10 Closed-End Funds With 9.5% To 10% Yields (Part 4)