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Below is a list of five closed-end funds (CEF) that yield over 10% and are currently trading at a 6% to 9% discount to their respective net asset value (NAV):

1. Cohen & Steers Global Income Builder, Inc. (INB) is currently trading at $10.38, an 8.87% discount to its net asset value of $11.39. The fund uses a covered call and options strategy that focuses on investments in large-cap common stocks, real estate securities, utility companies, and MLPs issued equity securities. INB offers a 10.79% annual distribution rate, with distributions occurring on a quarterly basis.

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2. BlackRock Enhanced Capital & Income Fund, Inc. (CII) is currently trading at $13.19, a 7.63% discount to its net asset value of $14.28. The fund utilizes covered call and options strategies and focuses on income and capital gains obtained through investments in equity securities. CII offers a 10.92% annual distribution rate, with distributions occurring on a quarterly basis.

3. ING Global Advantage & Premium Opportunity Fund (IGA) is currently trading at $11.34, a 7.13% discount to its net asset value of $12.21. The fund utilizes covered call and options strategies and focuses on high current income with capital appreciation through investment in global common stocks. IGA offers an 11.01% annual distribution rate, with distributions occurring on a quarterly basis. It is worth noting that on January 16th, 2012, the fund decreased its distribution from $0.3350 to its current $0.3120.

4. BlackRock Global Opportunities Equity Trust (BOE) is currently trading at $14.37, a 6.69% discount to its net asset value of $15.40. The fund utilizes covered call and options strategies and focuses on investments in equity securities or on related options, indices, and sectors. BOE offers an 11.41% annual distribution rate, with distributions occurring on a quarterly basis. It is also worth noting that the fund's next distribution of $0.4100, which will occur on May 31st, 2012, will be a decrease from previous distributions of $0.5688.

5. Alpine Total Dynamic Dividend Fund (AOD) is currently trading at $4.55, a 6.57% discount to its net asset value of $4.87. The fund utilizes a strategy of investing in global equity securities. AOD offers a 14.51% annual distribution rate, with distributions occurring on a monthly basis.

Continue to Part lV

Disclaimer: The funds listed above are offered as speculation only. It is assumed that investors perform thorough research before entering any position mentioned in this publication. Information and charts from finviz.com and cefconnect.com.

Source: 24 CEFs Yielding Over 10% Trading At A Discount To NAV: Part III, 6% To 9% Discount