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Back Up The Truck On EOI

|Includes: Eaton Vance Enhanced Equity Income Fund (EOI)

Who in their right mind sells EOI now? EOI's NAV has been crushing it over the past year, barely trailing the S&P 500, which for a non-leveraged option-income fund, is very good. And with an NAV at over $13 ($13.11 actually) and a market price well below $12 ($11.72 at last trade), this is a steal!!

I mean, EOI trades at a wider discount now (-10.5%) than EXG. That's unheard of! Then when I look at all of the ING option-income funds that trade at slight discounts to premiums even though most have barely positive NAV total return performances YTD, I can't believe that anyone would be selling a fund like EOI at a -10.5% discount. You also get a monthly pay fund vs. mostly quarterly pay funds with ING anyway!

EOI should be at least at $12 and more like $12.50.

Disclosure: I am long EOI.