I am a value investor and, when investing in stocks, I often seek out companies that appear undervalued. Closed-end fund (CEF) values can often be found in a similar fashion.
The net asset value (NAV) of a CEF is the total value of all the securities in the fund divided by the number of shares and, therefore, represents the true current value of the fund. The market price of the fund, however, often varies from the NAV. When the fund’s share price is higher than the NAV per share it is said to be selling at a premium; when it is lower it is selling at a discount to the NAV per share. As many believe, myself included, that the best value is found in CEFs that are trading at a discount to NAV. This series offers 24 high yielding funds that are currently trading at a discount…
Read the full article at: http://seekingalpha.com/article/573991-24-cefs-yielding-over-10-trading-at-a-discount-to-nav-part-i-12-to-15-discount
Read the full series:
- 24 CEFs Yielding Over 10% Trading At A Discount To NAV: Part I, 12% To 15% Discount
- 24 CEFs Yielding Over 10% Trading At A Discount To NAV: Part II, 9% To 12% Discount
- 24 CEFs Yielding Over 10% Trading At A Discount To NAV: Part III, 6% To 9% Discount
- 24 CEFs Yielding Over 10% Trading At A Discount To NAV: Part IV, 2% To 5% Discount
- 24 CEFs Yielding Over 10% Trading At A Discount To NAV: Part V, Under 2% Discount
MAY
