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alexsl/E+ via Getty Images Co-authored by Treading Softly I love shopping and buying things at a big discount. I love the fact that modern web browsers give you the ability to have the browser passively track the sales price of an item so that when a discount arrives, you can jump on it. I have noticed many retailers mark up the price to then mark it down for a sale, especially around major holidays.

At the end of the day, what you pay is the cost, and what you get is the value. There can be times when great companies are trading at very low prices, providing you with a high level of value. This can especially be true when we reach into the closed-end fund, CEF, space.



The fund's portfolio value is trackable, but the fund trades at a separate market value. Today, we want to take a look at two funds that are trading at highly attractive discounts while offering highly attractive yields at current prices. This means that you can buy more value at a lower price and still receive a great income month after month, quarter after quarter.

Let's dive in! Pick #1: DFP - Yield 7.1% Preferred securities provide attractive tax benefits on dividends compared to interest income, while also having priority over common stock in the company's capital stack. Amidst higher interest rates, newer issues from leading banks are offering +7% yields, a nice premium above the 4.

65% rate on the Treasury 30-year bond. Citigroup ( C ) issued $1.75 billion of 7.

125% preferred in May. Regional bank M&T Ban.

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