Preferreds that I'd be interested in and don't yet own are scarce (unless there's a market freak out in fixed rates by Friday).
Let's see what the CEF screen turns up. Not too interested in mostly bond funds right now as I like buying individual preferreds, so I'll be looking at equity based funds:
ETW - have sold off most of it. At a bit better than a 9% discount right now, but I think I'd be more interested buying it during a correction. I can't find on EV's website how many of the fund shares have been currently bought back - the last update was in May. Discount is a bit higher than the 52 week average.
CHW - not a pure equity fund, but is listed as having about 50% stocks and 15% convertibles. About 50% US and 50% Intl. I own a bit in my Roth. I like the fund. Likely to be my first pick. Monthly pay is nice and is currently at a greater than usual discount - the NAV recovered nicely after the sell-off even though the share price has not.
JLA - another option/income fund. Ex-date is a bit too far away for my taste.
NGZ - mostly equities, some convertibles, and an option strategy. Why do all of these funds have similar ex and payout dates?
Very likely I'll end buying into CHW, unless something changes. Which seems to happen frequently with what I'm focused on.
I also will be depositing $600 into the taxable account this Friday as it seems to work out loading up my savings at the beginning of the month and focusing on paying the rent later in the month, so I could end up buying two different stocks or funds on Friday.
I will also be participating on this
using a very boring major swing trade strategy that I'm utilizing in my 401k.
Anywho, I'll update over the next day or so if I find any other bargains.
edit for 8/3 - my internet was down until after the market close on Friday. I won't have the money in the account until Monday, so I'll have to do any buying then. CHW is still my #1 pick unless the price skyrockets on Mon. I'm giving some thought to HYD as another pick if the price drops a bit on Mon. Or maybe another muni-cef.
edit for 8/5 - CHW it was. I noticed one of Calamos' funds, CSQ has also fallen into my buying range and put in a limit order - if it spikes back up I'll look for something else.