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The Income Investor

By David N. Frazier

 

Although we started this new addition to Richard’s Dow Theory Letters only a few weeks ago, we appear to be off to a good start.

 

The Gabelli Equity Trust Inc. 5% Cumulative Preferred Series H (GAB.PH) and PowerShares Senior Loan Portfolio (BKLN) are holding up very well in this environment where many pundits think lending rates are headed higher.

 

Meanwhile, the Nuveen Equity Premium Opportunity Fund (JSN) and Nuveen Equity Premium Income Fund (JPZ) moved considerably higher last Friday after the Federal Reserve announced that it plans to maintain interest rates near historical lows for the foreseeable future.

 

Looking forward, I expect those securities to continue to perform well during the weeks and months ahead while providing you with a relatively high stream of regular dividend income.

 

Separately, regarding the two European ETFs that I discussed briefly last Thursday, I was surprised to find that an information source I was using contained ... Log in or subscribe to continue reading.


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