The Investor's Guide to Closed-End Funds

closed-end fund, net asset value, discount, consulting, research, stock, nav, cuba, closed end, mutual funds, investing, investment newsletters, financial, stock research, investment advice, herzfeld, investment research, stock broker, caribbean, close end funds, closed end bond funds, fund, navs, asset management, hertzfeld, municipal, cloed, hertzfeldt, hertzfield, cef, exchange traded, rights offering, tender offer, discount narrowing, interval fund, buybacks, managed payouts, payout policies, level distribution

Please log in below:

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 commentary by Thomas J. Herzfeld, in-depth analysis of topics related to closed-end fund trading and the industry, statistics and surveys of key data, announcements, dividends, and published managed portfolios showing the actual results of investment programs available to subscribers.

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 MAY, 2013 ISSUE WAS POSTED ON TUESDAY, APRIL 30, 2013 AT 4:00 pm

Some recent topics covered in the report include:

Tracking the "Great Rotation"; Fair Value Reporting: Litigation Highlights Responsibilities and Challenges; Survey of Closed-End Fund Fair Value Reporting; SUPPLEMENT: Closed-End Funds: The Basics and Beyond (April 2013)
The Hidden World of IPOs; Narrow Overall Discount Levels Obscure Areas of Opportunity; Large Offering Ignites IPO Fever; AMT Gets Permanent Patch: Table of 2012 Distributions Subject to AMT (March 2013)
A Myriad of Factors Expected to Influence 2013; Fourth Quarter and 2012 Performance Rankings and Survey; FINRA Puts Return of Capital on Priority List; Varying Approaches to Dividend Cuts; New CFTC Rules Impact Closed-End Funds; Dissidents Find Limited Opportunities (February 2013)
A Popular Year for Closed-End Funds; Juggling Distribution Dates; Novel Way to Get a Super-Majority Vote; SEC Delivers Lumps of Coal; 2012 Year in Review (January 2013)
Fiscal Fears Provide Closed-End Opportunities; Declared Stakes Target the Most Popular and Unpopular Sectors; Survey of Declared Shareholder Stakes: By Fund and By Shareholder; Psychology of the Tender; Psyched Out: A Tumultuous Two Years for Greater China Fund; Investment Advisor ARPs Scorecard (December 2012)
Countdown to Seasonal Opportunities; Third Quarter and Nine Month Performance Rankings and Survey; New Focus for Year-End Tax Trading: Year-End Distributions Expected to Provide Trading Opportunities; Survey of Loss Carryforwards; Advisor Puts Its Money Where Its Discount Is (November 2012)
Closed-End Funds Crowned Homecoming Queens; Sequestration Provides Fleeting Opportunity; Annual Closed-End Fund Leverage Update: The Pendulum Comes Full Swing; Survey of Closed-End Fund Leverage; Discount-Priced ARPs Tenders Enjoy New Respect (October, 2012)
Play It Again; Changes to the Investor's Guide Format; Dissident Elected to Fund Boards: List of Dissidents Elected to Board Seats; Changing Role of "Lifeboat" Provisions. Special Supplement: Survey of Closed-End Fund "Lifeboat" Provisions (September, 2012)
The Investor's Guide...26th Anniversary; Funds Turn in Stellar First Half 2012, Performance Survey and Rankings; Flight to...Municipals; Tracking Return of Capital (ROC) Survey of Closed-End Fund Distributions; IRS' Efforts to Police Cost Basis Includes ROC Adjustments (August, 2012)
Registration Statement Filed for Virtus Herzfeld Fund; Moody's Moves Swiftly to Implement New Ratings Guidelines; Expense Ratios Hold Steady: Survey of Closed-End Fund Expense Ratios; Mergers Among Closed-End Funds; Exchange-Listed Preferreds Offered to Existing Shareholders (July, 2012)
Mid-Year Roundup; Declared Stakes Update: Surveys of Declared Shareholder Stakes by Fund and by Shareholder; Hotter than Facebook?; ARPs Update: Recommendations, Ratings and a Writ (June, 2012)
Trading Focus: Opportunistic and Event-Driven; Strong Performance Results, First Quarter 2012 Performance Rankings and Survey; Understanding Income: Survey of Income Ratios and Distribution Yields; Pulse of the Industry: Risk Management Emerges as Hot Topic (May, 2012)

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.