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Below are eight closed-end funds with 9% to 9.5% yields, distributed monthly:

Western Asset High Yield Defined Opportunity Fund (HYI), with an annual distribution rate of 9.28%, distributes $0.1470 per share to investors each month. The CEF is trading at a 4.17% premium to its $18.24 net asset value (NAV).

(Click charts to enlarge)

Pacholder High Yield Fund Inc. (PHF), with an annual distribution rate of 9.13%, distributes $0.0700 per share to investors each month. The CEF is trading at a 10.44% premium to its $8.33 net asset value and is currently 4.26% above its 200-day simple moving average (SMA).

Eaton Vance Enhanced Equity Income Fund (EOI), with an annual distribution rate of 9.33%, distributes $0.0864 per share to investors each month. The CEF is trading at a 13.27% discount to its $12.81 net asset value and is currently 7.22% above its 200-day simple moving average.

First Trust Strategic High Income Fund (FHY), with an annual distribution rate of 9.13%, distributes $0.1300 per share to investors each month. The CEF is trading at a 3.14% premium to its $16.56 net asset value and is currently 16.92% above its 200-day simple moving average.

Alpine Global Premier Properties Fund (AWP), with an annual distribution rate of 9.22%, distributes $0.0500 per share to investors each month. The CEF is trading at a 12.26% discount to its $7.42 net asset value and is currently 8.68% above its 200-day simple moving average.

Stone Harbor Emerging Markets Income Fund (EDF), with an annual distribution rate of 9.06%, distributes $0.1800 per share to investors each month. The CEF is trading at a 0.34% premium to its $23.75 net asset value.

Flaherty & Crumrine/Claymore Preferred Securities Income Fund Inc. (FFC), with an annual distribution rate of 9.27%, distributes $0.1360 per share to investors each month. The CEF is trading at a 1.27% premium to its $17.38 net asset value and is currently 5.52% above its 200-day simple moving average.

PCM Fund Inc. (PCM), with an annual distribution rate of 9.03%, distributes $0.0800 per share to investors each month. The CEF is trading at a 5.14% premium to its $10.11 net asset value and is currently 0.48% above its 200-day simple moving average.


Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in AWP, EDF, EOI, FFC, FHY, HYI, PCM, PHF over the next 72 hours.

Source: Monthly Income Ideas: 8 Closed-End Funds With 9% To 9.5% Yields (Part 5)