Seeking Alpha

Deutsche Multi-Market Income Trust (KMM)

  • May. 1, 2013, 11:56 AM
    Morningstar's Steven Pikelny calls on three closed-end income funds - MIN, PHK, and KMM - to cut their distributions, noting none consistently come close to actually earning their payout. By itself, that's not a no-no as shareholders can reinvest the distribution back into the fund. But when the fund trades at a premium to NAV - as all 3 of these do - such reinvestment leaves the shareholder worse off.
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Company Description
Seeks high current income consistent with prudent total return asset management. The Fund invests in a broad range of income producing securities such as US corporate fixed income securities, US government securities and foreign governments debt obligation