CEF Report June 2021 | The Winch Tightens Further

Summary

• Fixed income CEF discounts continue to tighten and are approaching 20-year highs.  This won't last for long.  Part II of this report will focus on when this ends.

• Muni CEFs remain a better value than taxables but there are small pockets of opportunity in the taxable side if you look and are willing to be tactical.

• We focus on a few funds that have …