No. of Recommendations: 3
I am not and probably never will be a muni investor for a variety of reasons. However, I do traffic in taxable fixed income CEFs and they have sold off to similar discounts to the muni CEFs. While I have a reasonably healthy risk appetite, it is hard for me to get way out in duration with a leveraged bond CEF of any stripe in a world where there is a huge amount of uncertainty about the future path of interest rates. You might well make a killing, but be sure you understand the risk and accept it.

FWIW, I have been scarfing up CEFs at big discounts lately: GIM, PEO, BTZ, ACG, PPT, etc.
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