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One Of The Few Values In Bond CEFs: ISD And Its 8.43% Yield

johnNjohnN
in The Bullpen
https://seekingalpha.com/article/4294897-one-values-bond-cefs-isd-8_43-percent-yield

One Of The Few Values In Bond CEFs: ISD And Its 8.43% Yield
Oct. 04, 2019 7:00 AM ETPGIM High Yield Bond Fund (ISD)GHY21 Comments
Summary

For the HY space, we think ISD is one of the best options up there with HYB and NHS/HNW.
The fund changed their investment policy mandate to allow greater flexibility which caused them to increase the distribution twice.
The shares are attractive here given the wide discount and competitive yield with upside should they increase again or institute a MDP.
This idea was discussed in more depth with members of my private investing community, Yield Hunting: Alt Inc Opps
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