FAX is a closed-end fund sponsored by Aberdeen Standard Investments, seeking a level income with incidental capital appreciation.
The fund currently yields a 7.89% managed distribution and is trading at a discount of 13.84% to its Net Asset Value.
In-depth update of the fund since our initial article on 9/25/2017.
Note: This article was first published for subscribers of my marketplace service. It is not available to you in its complete form.
While it has never been a huge sponsor, one of the companies that