3 "No Drama" Muni-Bond CEFs To Buy Now (And 1 To Avoid) [Forbes]
BlackRock California Municipal Income Trust (BFZ)
US:NYSE Investor Relations:
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Source: Forbes
3 "No Drama" Muni-Bond CEFs To Buy Now (And 1 To Avoid) Getty Municipal bonds are the perfect play for this trade-war obsessed market—they’re far more stable than your typical stock and And today I’m going to show you how to tap the very best “munis” for a 4.3% average dividend yield. That’s just the start. One of the three “steady Eddie” buys I’ll show you below even pays an outsized 4.7% dividend. Plus, it trades at a discount to its “true” value, adding to its already legendary stability and setting us up for some nice gains, too. Turning a 4% Yield Into 5.8% Here’s something that’s often overlooked about muni bonds: their payouts are tax-free to most Americans. This makes a huge difference: for instance, a 4% tax-free muni-bond yield is the same as a 5.8% taxable yield for a married couple with a household income of $120,000 and filing jointly in California. Now there But we can get around that by outsourcing our muni buys to a pro with a big financial institution behind them. The
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Sec Filings
- 5/14/24 - Form DEFA14A
- 5/13/24 - Form DFAN14A
- 5/10/24 - Form DFAN14A
- BFZ's page on the SEC website