Looking for yield at a fair price? Try preferred stock from closed-end funds
Some closed-end income funds still trade at a discount.
Looking for yield in a closed-end fund these days is like buying a pen at Tiffany's — you'll get what you're looking for, but you'll pay an awful lot for it.
But the preferred stock offerings of many closed-end funds could be a lucrative way to get yield at a reasonable price.
Closed-end
Learn more about reprints and licensing for this article.
