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John Cole Scott on The Street with Greg Greenberg Covering Some Attractive CEFs Based on Yield, Discounts and NAV Performance

April 24, 2014

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Closed-end fund investors should consider buying the Blackrock MuniHoldings Quality Fund (MUE) because of its 6.6% dividend yield and double digit discount, says John Cole Scott, portfolio manager for Closed-End Fund Advisors. Scott is also bullish on the Cohen & Steers MLP Income and Energy Opportunity Fund (MIE) because of its high yield and overly wide discount, despite the fact that its only a year old. Finally, Scott is a fan of the highly diversified Nuveen Diversified Dividend & Income Fund (JDD) which yields about 8.5% with significant exposure to equity and bond investments. Data from CEFA’s Closed-End Fund Universe dated 4/17/14.

http://www.thestreet.com/video/12680248/3-closed-end-funds-sporting-wide-discounts-high-yields.html

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