Will Closed-End Muni Investors See Dividend Cuts or Raises for 2013?
The largest major grouping in the closed-end fund (CEF) universe is the municipal or tax-free bond investment objective. The group has 220 of the total 600 US listed funds (36.7%) or $89.4 billion of the total $261.3 billion (34.2%) assets held by all closed-end funds. There are 103 national muni funds and 117 state specific muni funds for investors to choose. All data unless otherwise noted is from our weekly CEF Universe data service dated November 30, 2012.