Evaluating CEFs: Narrow Distribution Coverage From GLU

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Introduction
I began a series of articles evaluating CEFs by looking at two funds from Cornerstone with very high yields. I looked at their ability to support their very generous distributions and whether they were likely to be able to pay a shareholder a dependable stream of income in the future. I concluded neither fund had been supporting the distribution in “How To Evaluate A CEF: A Look At CLM” and “Evaluating CEFs: A Look at CRF.” Both funds are…

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