Closed-end funds (CEFs) are finally starting to get their due attention as the yield machines they are. Some can still be purchased at a steep discount to their net asset values (NAVs) – which means you can buy the underlying assets for $0.90 on the dollar, or less. Last week we discussed how to select the safest 7% yields in the field . In a 2% dividend world, many of these funds look great paying more than triple that. But you’ll need to choose your CEFs carefully. A steep discount is a great start, but many funds simply grind sideways (including dividends) because they have no means to close that discount window. For example, check out these three popular funds. They trade at 11.5% discounts or better today, but for good reason – they never make their shareholders any money: ... Read more