EOI & EOS mostly. Monthly pay buy/write CEF's from Eaton Vance...i.e. no leverage, all covered-call strategy. EOI is at a slight discount, 10.11% yield and NAV up 2.5% YTD. EOS is more tech heavy, slight premium, 10.7% yield. Both go ex-div 3/22.
Most of the other CEF's I follow have gotten pricey again considering most pay quarterly. Many buy/write funds from Eaton Vance (incl. EOI & EOS), ING & IQIA cut their dividends in Dec/Jan, which I consider to be a positive as it eliminates any concern about future cuts this year and takes pressure off the NAV. Good luck!
I could understand if the yield were 15% or so, but frankly, the risk/reward is the WORST of all the equity CEF's I follow. ERH's NAV performance has been miserable and with a rising interest rate environment now, its only going to get worse.
How do you hold on to this when you can buy other equity CEF's at discounts, also pay monthly and have much higher yields? The valuation discrepancy is off the charts and it won't last. I called ERH's dividend cut a couple years ago and I was ERH's biggest bull when it was at a hefty discount and yielding in the teens. ERH, right now, is a prime short though its hard to find shares.
Amazing? I'm getting 10% dividend return on my initial investment and already have another 20% gain on my $12.41/share purchase from back in September. I'd be a fool not to buy this. I'm going to sell when it gets back to $20/share and milk the divis until then.