3 Utility CEFs Yielding 7% To 9%, Selling At Discounts

Interested in adding some discounted dividend paying Utilities to your portfolio? The yields are 7.09% to 9.47%, one pays monthly. The discounts range up to -9.25%. They all issue 1099s, no K-1s. Here are three closed-end funds which are all selling below their Net Asset Value, NAV...

The Macquarie/First Trust Global Infrastructure/ Utilities Dividend & Income Fund (MFD) has a -9.12% discount to NAV, which is much deeper than its three-year -5.61% discount, and also is beneath its one-year -7.44% discount. At $26.25, the Cohen & Steers Infrastructure Fund (UTF) has a -4.61% discount to NAV, which is deeper than its one-year discount of -3.36% but not as deep as its three-year -6.50% discount to NAV. The Duff & Phelps Global Utility Income Fund (DPG) 1/8/20 price of $15.29 gives it a -7.5% discount to NAV, which isn't as steep as its one-year -9.25% or its three-year 10.53% discount:

Source: Seeking Alpha

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