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.

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 their binders. 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

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

SPECIAL NOTE: The July, 2009 issue was published on Tuesday, June 30, 2009 at 4:00 PM

Some recent topics covered in the report include:

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)
A Dismal Year for the Record Books; Wide Discounts Reflect Lack of Investor Confidence; Year-End Buy List; Focus on Municipal Bond Fund Yields; 2008 The Year in Review: Annual Survey of Activity in the Closed-End Fund Industry; ARPs Liquidity Crisis Update: An Educational Year (January, 2009)
End-of -Year Trading Update; The Big Picture; A Comprehensive Review of Shareholder Activism: Survey of Declared Stakes by Fund and by Shareholder; Shift in Shareholder Base: Survey of New Institutional Investors in Closed-End Funds; ARPs Crisis Update: De-Leveraging Picks Up Steam, Early ARPs Ideas Suddenly More Feasible (December, 2008)
Wide Discounts Levels Persist; October Losses Overshadow First Nine Month Performance Results: Performance Rankings and Surveys First Nine Months, Third Quarter and Year-to-Date Through October Lows; ARPs Crisis Update: Wild Markets Prompt De-Leveraging Trend, SEC Eases Asset Coverage Temporarily for Eaton Vance (November, 2008)
Closed-End Fund Discounts Hit Historic Levels; Leverage--A Double-Edged Sword; Table of Closed-End Fund Leverage; Claymore Supports Secondary Market in Closed-End Funds; ARPs Crisis Update: Credit Disruptions = High Penalty Rates, Congressional Hearings, Billion-Dollar Settlements (October, 2008)
Discounts Widen But Could Widen Even Further; 2008 Directory of Closed-End Funds; SEC Issues Website Guidance and Announces a New "IDEA"; ARPs Crisis Update: Settlements, Slowed Progress, Conflict and Caution; Survey of Replacement Leverage (September, 2008)
22nd Anniversary Issue; Poor Performance Extends Beyond First Half: Performance Survey and Rankings; Premium/Discount Charts Provide Historical Perspective; Long Awaited SEC Exemptive Relief Paves Way for New Managed Payouts; ARPs Crisis Update: Progress on New Solutions Despite Negative News. SPECIAL SUPPLEMENT: Long-Term Premium/Discount Charts (August, 2008)
Expense Ratios Stabilize as Funds Adjust to New Regulatory Requirements; Survey of Closed-End Fund Expense Ratios; Auction Rate Liquidity Crisis Update: Major Developments in Creation of New Preferred Shares (July, 2008)

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.