Seeking Tax-Free Income From Closed-End Funds
by Michael Walters and John Deysher
Four years ago we wrote an article for the AAII Journal highlighting the potential opportunities available in closed-end funds (“Rodney Dangerfield Investing: Closed-End Opportunities,” April 2007).
We think now is a good time to revisit the topic, with a focus on municipal bond closed-end fundsand their newer cousins, municipal bond exchange-traded fund
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John Deysher is president and portfolio manager of the Pinnacle Value Fund, a diversified, SEC-registered mutual fund specializing in the securities of small and micro-cap firms. He is a CFA charterholder and has managed equity portfolios for over 25 years. He lives and works in New York City and may be reached at firstname.lastname@example.org.