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Today we’re adding two new picks to our Real Income Portfolio.
One is a closed-end fund first launched in 1988 that’s designed to generate a high level of current income with a secondary goal of capital appreciation. By using a flexible, multi-strategy approach to investing globally across credit, equities, closed-end funds (CEFs), SPACs, and reinsurance-linked instruments, this new addition to the Income Portfolio boasts a 14.22% dividend yield.
Our second addition is one of the most unique closed-end funds around. Rather than being another income or diversified equity fund, this pick offers a contrarian, opportunistic, and value-oriented approach built on decades of deep value investing experience - and an 8.46% yield to boot.
Both are in very good spots to buy right now.
So let’s get into the details…
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