Invests in a portfolio of approximately 30 U.S. municipal bond closed-end funds (CEFs). Aims to generate high monthly income for investors. Now — the numbers.
It pays out $0.59 per share each year — regular cash for whoever holds the stock.
Since the drop from its peak, buyer appetite hasn’t come back.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.