Dec. 16 at 4:28 PM
$OXLC Hello my
$OXLC $CLM $PDI $PTY friends. A little public service announcement. If you’re looking for a relatively safe, 5.6% yielding option for all your rainy day cash, check out
$NBB. A taxable muni bond CEF from Nuveen. The Fed raising rates crushed muni bond value. As rates now come down these safe investments are going to provide capital appreciation while paying you a little better than savings account yield. They also just declared a short term capital gains special dividend of
$0.4823 (6X the monthly dividend) that goes X-div on 12/26.
$NBB is currently trading at a 9.5% discount. 3 and 5 year average discount is only 2.5%.
Anyway, check it out if you are looking to sock away some cash in your IRA. Best to you all.
