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Eaton Vance Tax-Advantaged Global Dividend Income Fund trades at a near 11% discount to NAV despite strong portfolio performance. ETG's NAV returned 29.1% over 12 months, outpacing its category, while the market price lagged, widening the discount. The fund offers a 6.7% yield via a managed distribution, primarily sourced from capital gains and investment income, not just dividends.
Closed-end funds can provide unique opportunities thanks to their share prices trading wildly different from their actual underlying net asset value per share. This creates a discount/premium opportunity, where we look to target funds trading at historically wide discounts, not simply those at the deepest absolute discounts. Today, we are looking at 2 CEFs with a solid historical track record, and tax-friendly monthly distributions that are trading at attractively discounted prices.
Entrée Resources Ltd. (TSE: ETG - Get Free Report) (NYSE: EGI) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$2.63 and traded as low as C$2.63. Entrée Resources shares last traded at C$2.66, with a volume of 176,403 shares. Entrée Resources
Eaton Vance Tax-Advantaged Global Dividend Income Fund now trades at an 8.86% discount, surpassing our "Buy" threshold. ETG offers diversified global equity and preferred exposure, with a 6.56% monthly distribution yield and relatively steady payout history. Leverage remains modest at 15.74%, supporting strong historical returns versus benchmarks, though equity valuations appear stretched more broadly.
The Eaton Vance Tax-Advantaged Global Dividend Income Fund offers global equity exposure and a 6.79% yield, blending value and growth stocks. ETG's portfolio is growth-tilted, with significant technology exposure, relying on capital gains to support distributions rather than pure dividend income. Shares currently trade at an 8.63% discount to NAV, wider than the five-year average, presenting a potentially attractive entry point.
VANCOUVER, British Columbia, June 18, 2026 (GLOBE NEWSWIRE) -- Entrée Resources Ltd. (TSX:ETG; OTCQB:ERLFF – the “Company” or “Entrée”) is pleased to announce the results of voting at its annual general meeting of shareholders held earlier today (the “Meeting”).
The Eaton Vance closed-end funds listed below released today the estimated sources of their May distributions (each a âFundâ). This press release is issued
VANCOUVER, British Columbia, May 14, 2026 (GLOBE NEWSWIRE) -- Entrée Resources Ltd. (TSX:ETG; OTCQB:ERLFF – the “Company” or “Entrée”) has today filed its interim financial results for the first quarter ended March 31, 2026.