Closed-end funds (CEFs) are the last bargains left on the board. CEFs are often confused with mutual funds and ETFs, but they are different because they often trade at discounts to their net asset values (NAVs).
For contrarians like us looking for deals, this is key.
CEF trading is relatively thin. This created inefficiencies, such as select CEFs trading for as cheap as 95 or even 90 cents on the dollar.
Plus, some of them dish big dividends—like these five.
This post originally appeared at Contrarian Outlook.