Eye on Corporate High Yield Fund (CEF: COY)

I’ve been watching the closed-end fund COY -- Corporate High Yield Fund, Inc. -- for over a year now and waiting for it to drop below $8. COY operates as a diversified, closed-end management investment company. COY currently pays a monthly dividend of $0.062, equivalent to 9.8% annually. The company was founded in 1993 and the stock price has rarely traded below $8. COY is currently trading less than $7.50:

I expect the stock to drop a bit more before rebounding. I might pick up some shares of COY if the stock drops below $7.40. I expect the shares to rebound within 1-3 months and pass $8 again.

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Related:

• Other Seeking Alpha Network articles by Andy So.
• The complete list of ETFs and closed-end funds (and links to articles about them) covered by ETF Investor.

Comments

[RogerNusbaum]

Andy,
Welcome to the SA network. I'd be curious to hear <em>why</em&g... you think this fund will drop and why then it will go back up. Any process you could share would be helpful. Thank you.