I know you are concerned about the market value of your Income Purpose Closed End Funds... I understand why this is bothersome, but please take a deep breath and understand why this is happening. 

You've heard the news that Treasury securities are at their highest yield in several years... this means that their prices have fallen. Similarly, prices of the Interest Rate Sensitive securities contained in your CEF portfolios have fallen... to about the levels they were a year ago. 

• 6%+ Tax Free Yields Are Back!!! 

The good news, and I mean extremely good news, is that the income produced by the securities inside the funds HAS NOT CHANGED. They are contractual obligations, and if the stock market advance reflects better business prospects, the strength of the companies and communities whose "paper" you own has increased as well.

• Neither your Working Capital nor Your Base Income are impacted by lower market values. 

So yes, as it has always been in the history of markets, this downturn in CEF prices is likely to be a tremendous buying opportunity... one that will only be augmented if the new administration allows interest rates to rise back to the normal levels of the past. 

If you add to your CEF positions as patiently and selectively as you can, every purchase could: 

·         Reduce the cost basis of each share you own,

·         Increase the current yield of each position you add to, and

·         Increase the yield and total income of the entire portfolio

There is nothing unusual about lower prices in response to higher interest rate expectations... think about what you can do to make the most of the opportunity that they represent for your portfolio income production.