http://online.barrons.com/article/SB500014240531119043990045... , or, for a `free pass` to read the article, web search for the case for closed-end fundsCEFs, closed-end funds, are trading at large discounts to NAV (net asset value), last seen in 2008 for taxable and muni bond CEFs (equity CEFs are cheap too but so they were one and two years ago -- the real bargain right now are bonds-focused CEFs).See the article for specifics. The article doesn't mention NKX, Nuveen CA ATM Free Muni, which is my favorite since I'm a California resident -- 6.82% triple-tax-free coupons are sweet indeed (it does mention NRK, the NY State equivalent, very similar at 6.9%). They've both rallied this week (+4.94% for NKX, +2.64% for NRK), but I think they're still bargains depending on your State of residence.
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