Get Rich - Stay Rich - Investing for Monthly Income

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Monthly Income From Taxable Closed-End Income Funds

There are many ways to create monthly income from investments.  One method is to invest in closed-end funds ysing a taxable income strategy.  these funds tend to invest in fixed income securities like high yield bonds, mortgage bonds and other income sources.  Below is a list of 5 high yielding taxable income funds that pay monthly dividends.  The yields range from 9.6% to nearly 11.1% in these CEFs.  Three of the five funds are trading at a discount to their net asset values.

Check out more monthly income recommendations from the Monthly Income Plan.

 

Symbol Name Strategy Closing Price NAV Yield Prem/ Discount Market Cap
PGP PIMCO Global
StocksPLUS & Inc
Taxable
Income-Multi-Sector
$19.77 $12.25 11.13% 61.39% $201M
HSM Helios Strategic
Mortgage Inc
Taxable
Income-Mortgage Bond
$6.21 $6.47 10.14% -4.02% $63M
FMY First Trust/FIDAC Mortgage Inc Taxable
Income-Mortgage Bond
$19.15 $18.61 10.03% 2.90% $78M
FSD First Trust High Inc
Long/Shrt
Taxable
Income-High Yield
$16.37 $17.59 9.79% -6.94% $590M
JMT Nuveen Mort Opp Term
Fund 2
Taxable
Income-Mortgage Bond
$21.53 $22.87 9.61% -5.86% $103M
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