Reply to thread

Message: <blockquote data-quote="booshala" data-source="post: 901272" data-attributes="member: 3554">Anyone here know much about closed end funds?  I've been doing research and it seems like several of the tax free muni bond CEF's I've been looking at have a pretty decent discount on price to NAV (Net Asset Value) per share, especially in more depressed states.  Yields are in the 4.5-6% range and dividends are tax free from federal income tax - exempt from state income tax as well if you live in those states - although the fees will probably take 1% out of it.  So tax free yield + margin of safety in the discount between the share price and the NAV + extreme difficulty/unlikelihood of default on governmental bonds = good deal?I'm just wondering if a schlub like me can figure it out, why aren't big players in on this already?  Am I missing something here?</blockquote>