Per M* the fund’s average credit rating is an A+. One might wonder why a fund with a fairly high credit rating has a 7%+ distribution, especially for munis.
Please take a look at CEFConnect.com for this fund, and specifically the Distributions tab. You will find that approximately 50% of the distributions are ROC (Return of Capital). I believe this explains the high distribution rate.
The time-honored maxim of “There’s no free lunch” definitely applied here.
Please take a look at CEFConnect.com for this fund, and specifically the Distributions tab. You will find that approximately 50% of the distributions are ROC (Return of Capital). I believe this explains the high distribution rate.
The time-honored maxim of “There’s no free lunch” definitely applied here.
Statistics: Posted by samiratinitech — Fri Oct 03, 2025 4:49 pm — Replies 5 — Views 327