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Inspired by the horse race in the 2026 Palio di Siena, I made a financial move that I hope will be just as clever as the knight's move in chess. I decided to close out two positions in my Cupolone portfolio that I wasn't entirely convinced about, raising cash to reinvest when the opportunity arises. The purpose of this move is to use this liquidity in securities with better overall NAV performance and a greater likelihood of long-term success.
EVT Limited (EVHEF) Q4 2026 Earnings Call Transcript
Eaton Vance Tax-Advantaged Dividend Income Fund is not a Buy due to a tightened ~6% discount and a yield near 6.8%, both less attractive than recent history. EVT's income relies heavily on capital gains rather than dividends, making forward capital appreciation and discount/yield setup critical for new investors. Leverage costs remain elevated (~1.16% of the 2.27% total expense ratio), with bond interest nearly offset by leverage expenses, limiting fixed income contribution.
Income investors chasing yield often stop at the biggest names in the category, overlooking a quiet corner of the market where three closed-end funds have paid monthly distributions for more than two decades.
Investors chasing monthly checks have piled into the JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) for its high headline yield and steady payment schedule.
Eaton Vance Tax-Advantaged Dividend Income Fund remains a compelling buy, trading at a 9.36% discount to NAV versus its five-year average of 5.38%. EVT offers a 7.4% dividend yield, well supported by earnings, with 2025 total earnings of $2.50 per share versus $1.98 in annual payouts. The fund prioritizes income and dividend stability, but its structure limits capital appreciation and exposes NAV to market downturns and sector-specific risks.
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
Kiplinger's Personal Finance May 2026 letter makes it clear that if you are looking for yield, the door is wide open across the entire risk spectrum. We are seeing a massive spread, with opportunities ranging from stable 3% municipal bonds to 13% for those willing to get aggressive with business development companies. This is unfolding... Kiplinger's May 2026 Letter Says Yields From 3% to 13% Are Available Right Now Despite Iran War Uncertainty