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  •  
    It appears that most of those "worst" CEFs are high dividend yielding funds. I don't know if I would call that poor performance or a bargain considering if you buy at today's discounted prices you might be receiving as much as 12% annually (as long as those dividends don't change). Although it isn't very tax efficient.
    2007 Sep 21 02:11 PM | Link | Reply
  •  
    Hello TheLasko,
    These returns are calculated with the dividend factored in, so it seems they have not been much of a bargain even after the yield is factored in. We'll see if the chance for falling rates helps push up these funds, assuming as you mention that they can sustain these dividend rates.
    2007 Sep 21 06:47 PM | Link | Reply