The Investor's Guide to Closed-End Funds

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The Investor's Guide to Closed-End Funds

The Investor's Guide to Closed-End Funds is a comprehensive monthly report on the closed-end fund industry. The report contains trading recommendations on all closed-end funds in every issue and also includes commentary by Thomas J. Herzfeld, closed-end fund announcements, dividends, and published managed portfolios showing the actual results of investment programs available to subscribers.

If you would like to subscribe to the report, renew your subscription, or view pricing information, please click below

All files are in PDF format, and follow the same familiar page layout of the original report, which has been published continually since 1986. The report can be viewed on your computer screen or printed out. Annual subscribers may wish to print out the report and keep it in a binder. Please read our User Agreement for subscription terms. If you need help or have any questions, we are available to help at 305-271-1900 or 800-TJH-FUND (800-854-3863).

For more information about other services offered by Thomas J. Herzfeld Advisors, Inc., please visit our main website at www.herzfeld.com

SPECIAL NOTE: The August, 2010 issue will be published on Thursday, July 29, 2010 at 4:10 PM

Some recent topics covered in the report include:

Buy on Bad News; Demand Letters, Lawsuits and Reaction from an Unusual Source; Average Expense Ratios Show Only Small Improvement: Annual Survey of Closed-End Fund Expense Ratios; Valuation Prediction Starts to Come True; First Billion Dollar+ IPO Since 2007 (July, 2010)
A Few Long-Awaited Opportunities; Quarterly ARPs Update: Lots of Activity but Few New Redemptions; Investment Advisor Scorecard; Large Shareholders: In their Own Words; Review of Proxy Battles and Legal Action; SPECIAL SECTION: Survey of Declared Stakes: By Fund and By Shareholder (June, 2010)
Closed-End Funds Enjoy Continued Rally: First Quarter Performance Rankings and Survey; Closed-End Fund "Yields" Better Aligned with Income: Income Ratio Survey; Funds of Closed-End Funds: Interview with Doug Bond, Portfolio Manager of Cohen & Steers Closed-End Opportunity Fund (FOF); RiskMetrics Issues Dual Recommendation; Texas Shoot Out; Fitch Clarifies Guidelines (May, 2010)
Managed Payouts Poised to Make a Comeback; Fair Valuation Transparency: Survey of Fair Valuation Disclosures; Fair Valuation the Subject of a Shareholder Proposal; Advisory Contracts May be in Need of Clarification (April, 2010)
Shift if Media Perspective; Taxing Surprise: Survey of Municipal Fund Distributions Subject to AMT; Auction Rate Preferred Liquidity Crisis Update: Two Years After the Deep Freeze; Survey of Declared ARPs Shareholders and Remaining Outstanding Shares; Voting Issues Related to ARPs Holdings: Interview with Warren Antler of the Altman Group (March, 2010)
Tough Act to Follow: Annual and Fourth Quarter Performance Rankings and Survey; Some Premiums Begin to Evaporate; Herzfeld Research Announces Expanded Access for Institutional Subscribers; Taking it Off the Shelf: A Look at Secondary Offerings by Closed-End Funds; Ratings Proposal Met with Indifference; Where Have All the ARPs Gone? (February, 2010)
Unusual Year-End; New Year's Buy List; 2009 Year in Review: Annual Survey of Activity in the Closed-End Fund Industry; End of 2009 Investment Advisor ARPs Scorecard (January, 2010)
Opposite Extremes; Declared Shareholder Stakes: Surveys by Fund and Shareholder; SEC Expresses Concerns about Management Entrenchment; Survey of State Incorporation and Board Election Policies; Choice of Forum for Closed-End Fund Formation; Closed-End Funds Sample New Flavors of Preferred Leverage (December, 2009)
Main Street Discovers Closed-End Funds; Closed-End Funds Turn in Impressive Performance: Nine Month and Third Quarter Performance Survey and Rankings; Lost But Not Forgotten: Survey of Loss Carryforwards; ARPs Update: Timeline of the ARPs Liquidity Crisis (November, 2009)
Yield-Hungry Investors Narrow Discounts; Investors' Love/Hate Relationship with Leverage: Survey of Closed-End Fund Leverage; Tax Wrinkle May Cause Return of Capital to be Taxable; IPOs Feature Aggressive "Lifeboats"; Closed-End Fund-Focused Website Debuts (October, 2009)
Long Quiet Summer; "Lifeboat" Provisions in Closed-End Funds; Turning Lemons into Lemonade: UBS Plans to Repackage and Market ARPs; New Indexes Track Closed-End Funds (September, 2009)
Discounts Remain Narrow; What a Difference a Quarter Makes: Performance Looking Up; First Half and Second Quarter Performance Survey and Rankings; Getting the Rights Right: Trading Strategies for Rights Offerings; Controversy Surrounds Telephone Vote Gathering; Nuveen Shareholder Blocks $750 Million of ARPs Redemptions (August, 2009)

Thomas J. Herzfeld Advisors, Inc. maintains this web site as a convenience for its clients, the stockholders of The Herzfeld Caribbean Basin Fund, Inc. and other interested investors for information purposes only. The information on this web site is not intended to address any individual's particular circumstances. This web site should not be considered an offer to buy or sell securities. While we have made every effort to provide current, accurate information, it may, however, contain errors, and we make no representation or warranty, express or implied, as to the timeliness, accuracy or completeness of any information when it is received. Thomas J. Herzfeld Advisors, Inc. and its affiliates bear no responsibility for the content of any other web site that may be linked to this web site.