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They trade on Amex. They pay a monthly income stream based on interest payments on the notes and dividend income, if any, on the common stock. Designed to distribute nearly all free cash flow to investors. Issuers are mostly mature, relatively stable businesses. One such security is symbol OTT...

Has anyone had any experience with these? Thoughts, pros and cons?

Fido now shows a yield of 6.25 for OSM.

where can I find the total yield on these? I plugged quotes into Fido site but it didn't reveal the yield.

brewer 12345, I read about your disclosure of ISM a few days ago and I agree it looks very interesting. I noticed also the thin volume Good point on cap appreciation, too. I guess I need to push out of my comfort zone a bit. Thanks for your selections.

I unfortunately have a job...a pretty stressfull one at that and am thinking of morphing into something part-time. Right now I am sitting on quite a bit of cash in a Fidelity MM and have some Canroys (small pwercentage) and some positive cash flow rental income. Some local banks here are...

Does Fidelity have anything comparable to STAR Fund that would qualify for the 4% withdrawl strategy?

Does anyone dabble in these for income? If so, do you you have any recommendations? And do you hold mostly in nontaxable accounts?

I realize there are broad range of vehicles to generate monthly income but could some of you share your thoughts on what you're using?

brewer 12345, Thanks again. I will check out some of your picks. It seems a lot of these CEF discounts gap widely at years end. I will heed your advice and keep an eye on a few.

In an attempt to "juice" the yield I've also looked at closed end funds but don't know much about where to begin. I've been to the ETF and Nuveen sites and get the discount thing but fees seem high and many are leveraged. Quantumoline is a very good resource but it gets down to actually making...

Thanks very much for all your thoughts. Preferred stocks were another consideration as most of them are also down in price due to the Fed hikes.

Does anyone use this fund for income? Any thoughts on it or an alternative for juicing monthly income?

Does anyone like this closed end fund for income?