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 February, 2010 issue was published on Thursday, January 28, 2009 at 4:00 PM

Some recent topics covered in the report include:

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)
Waiting in the Wings; Tender Offer Boosts Performance; Funds Focus on Keeping Expenses Low: Survey of Closed-End Fund Expense Ratios; Technicalities for Closed-End Funds to Take Advantage of Government Programs Being Hammered Out; Detoxing Banks Using Closed-End Funds; Quarterly ARPs Update: Comprehensive Statistical Update (July, 2009)
Pocketing Some Profits; Losses Prompt Equity Funds to Suspend Managed Payouts; Declared Shareholder Stakes: Not Only Common but Preferred Shareholders Also Flex Their Muscles: Survey of Declared Shareholder Stakes: by Fund and by Shareholder; Fitch Cracks Down on ARPs Ratings (June, 2009)
Discount Narrow but Remain Wide; First Quarter Performance Reflects Investors' Desire for Income; Increased Income, Optical Illusion or Both? Survey of Income Ratios and Yield; Bitter Pill to Swallow; Proposed Ban on "Broker Non-Votes" Won't Apply to Closed-End Funds; Auction Rate Preferred Update; Subscribers' Corner (May, 2009)
Discounts Narrow: Equity Funds Rebound and Munis Attract Money; How Reliable are Net Asset Values?; ARPs Liquidity Crisis Update; Legacy Program Puts Closed-End Funds in the News (April, 2009)
The Honeymoon is Over: Closed-End Fund Discounts Widen Sharply; Tax-Exempt Income--Well Not Completely, Table of 2008 Dividends Subject to AMT; Tax Reclassifications Generally Favor Investors; ARPs Liquidity Crisis Update: Institutions Now Hold 44% of Remaining ARPs; Any Room Under the TARP? (March, 2009)
After a Rough Year Have Closed-End Funds Rebounded too Quickly?; 2008 Performance Survey and Rankings: No Sector Left Unscathed; New IRS Guidance Could Encourage Stock Distributions; Fixed Rate Preferreds-Obscure but Interesting; ARPs Liquidity Crisis Update: 13G Filings of ARPs Holdings (February, 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.