Gabelli Global Utility & Income (GLU) is trading at a 12.6% discount and yields 7.20%.
Nuveen Real Asset Income and Growth Fund (JRI) is trading at a 14.41% discount and yields 8.60%.
Either of these funds can be used as fixed income substitutes for more aggressive investors who want a higher yield.
In the article, I describe why the discounts for these closed-end funds may be higher than normal, but over time I believe the market will bring their discounts down closer to their peers.
Article by guest writer: George Spritzer.