Usually in this space, we dig into 8%+ paying closed-end funds (CEFs) set to hand us strong returns and large income streams. Today, we're going to do something different and discuss a once-great fund that, sadly, is far past its glory days. Why? Because this fund highlights one of the dangers of high-yield investing. That would be the risk of getting too comfortable with a large payout--and ignoring the signs telling us it's time to take our profits and walk away. That's not easy for those of us who invest for dividends! Especially when you have an income stream as big as the one this fund offers (a 12.7% annualized yield) rolling in.
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