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DNIF / DNIF: 9.2% Distribution Yield Looks Sustainable But Beware OTC Status

The Dividend and Income Fund is a closed-end fund trading at a 35% discount to NAV, primarily due to its OTC status. DNIF has a history of questionable actions by management in my view, including dilutive rights offerings and delisting the fund, which may add an extra risk premium. Despite these concerns, the fund is able to earn its generous 9.2% distribution yield, making it suitable for investors seeking high income but willing to accept the increased operational risk and reduced liquidity. Read More

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Posted: May 30 2023, 16:47

Author Name: Seeking Alpha

DNIF News

By Seeking Alpha
August 29, 2023

DNIF: Sustainable Decent-Yielding Diversified CEF Available At A Discount

Dividend and Income Fund generates strong current income and undertakes an acceptable degree of risk. The DNIF closed-end fund's portfolio composition

By Seeking Alpha
May 30, 2023

DNIF: 9.2% Distribution Yield Looks Sustainable But Beware OTC Status

The Dividend and Income Fund is a closed-end fund trading at a 35% discount to NAV, primarily due to its OTC status. DNIF has a history of questionabl

By Seeking Alpha
January 25, 2023

DNIF: High-Yielding Diversified Equity CEF Trading At An Attractive Discount

DNIF recorded a high average annual return over the long run, and is currently trading at an attractive discount of 33.35 percent from its net asset v

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