Discounted closed-end funds (CEFs) are perhaps the sweetest dividend deals that Wall Street offers. I mean, where else can we find a 9.9% yield trading for 87 cents on the dollar? By offers I mean overlooks! The spreadsheet jockeys can’t be bothered with Neuberger Berman Next Generation Connect (NBXG). Or its 9.9% dividend. Or its 13% discount to its net asset value (NAV). Why not? NBXG only has a market cap of $957 million—too tiny a capital pool for the big fish to stash cash. So, these “index huggers” lazily pile into SPY instead. We individual investors, on the other hand, can make a nice living ( and retirement ) in this cozy contrarian corner of the income market.… Read more