We bought CGO on 5 Apr 10 and added more on 10 May and again more on 30 Aug of this year. The last 2 buys we bought at 13.24 and 13.83. Initial buy was at 15. We now own 2964 shares and have no regrets. We buy mostly for the dividends these CEFs pay. Would I recommend it? Sure. I researched this fund for a while before buying. You are right about little chatter on this board. Good luck to you.
Has usual year-end selling started for CEF? Look at history of many CEF's and for whatever reason many seem to sell them off before end of year. Last 2 or 3 trading days my Muni CEF's have been selling off on increasing volume.
I can relate to your Muni fund drop. I bought big into Fidelity's Minnesota Muni Bond Fund--FIMIX--Nove. 5th expecting about3% tax free dividends over the next year. In one month, it dropped almost 4%!--had to bail out--couldn't take it any longer--Now I have to figure out how to get the 4% back quickly. I'm also in CHY but that's going south on me also but it's been a real winner for me over the past 3 years.