3 Closed-End Funds Sporting Wide Discounts & High Yields

Closed-end fund investors should consider buying the Blackrock MuniHoldings Quality Fund (MUE) because of its more than 6% dividend yield and double digit discount, says John Cole Scott, portfolio manager for Closed-End Fund Advisors. Scott is also bullish on the Cohen & Steers MLP Income and Energy Opportunity Fund (MIE) because of its high yield and overly wide discount, despite the fact that its only less than a year old. Finally, Scott is a fan of the highly diversified Nuveen Diversified Dividend & Income Fund (JDD).