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<< Return to Part lV

Below is a list of four closed-end funds (CEF) that yield over 10% and are currently trading at a 0% to 2% discount to their respective net asset value (NAV):

1. Gabelli Equity Trust, Inc. (NYSE:GAB) is currently trading at $5.47, a 1.44% discount to its net asset value of $5.55. The fund focuses on long-term capital growth and income through a broad investment strategy in equity securities. GAB offers a 10.24% annual distribution rate, with distributions occurring on a quarterly basis.

(Click charts to enlarge)

2. Guggenheim Enhanced Equity Income Fund (NYSE:GPM) is currently trading at $9.45, a 0.74% discount to its net asset value of $9.52. The fund primarily focuses on high income and gains with a secondary objective of long-term capital appreciation. GPM offers a 10.16% annual distribution rate, with distributions occurring on a quarterly basis.

3. AGIC International & Premium Strategy Fund (NYSE:NAI) is currently trading at $10.55, a 0.57% discount to its net asset value of $10.61. The fund uses covered call and options strategies and focuses on investments in foreign equity securities. NAI offers a 15.17% annual distribution rate, with distributions occurring on a quarterly basis.

4. ING Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) is currently trading at $15.59, a 0.13% discount to its net asset value of $15.61. The fund uses an options strategy and focuses on investments in dividend yielding equity securities of Asia Pacific companies. IAE offers a 10.16% 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 $0.4260 to its current $0.3960.

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 V, Under 2% Discount