Guest Post: Two Attractive Equity CEFs With Fixed Leverage Costs

Summary

• SRH Total Return Fund (STEW) has access to low fixed cost leverage, giving it an advantage over other closed-end funds.

• About 40% of STEW is invested in Berkshire Hathaway.

• Tri-Continental Fund (TY) is a balanced fund with a value tilt and uses modest fixed cost leverage, making it a good option for investors concerned about market valuation levels.