<p>博阿茲·温斯坦是許多 CEF 投資者熟知的名字。他是一位激進投資者，過去曾針對 CEF，特別是那些他認為表現不佳的基金。</p>
<p>現在，另一位封閉式基金（CEF）投資者正在採用温斯坦的策略，並將其轉向這位激進投資者自己的兩個基金。這個投資者的目標是什麼？消除這兩個基金的淨資產價值（NAV，或其基礎投資組合的價值）折扣，從而推動其價格上漲。</p>
<p>這是一個引人入勝的故事，展示了在小型 CEF 世界中，熟練的激進投資者有時會將注意力轉向彼此。</p>
<p>讓我們先回顧一下。</p>
<p>如果你錯過了，温斯坦的公司 Saba Capital Management 最近上了新聞，因為正如我一週前所寫的，他們已暫停 CEF 的投資，轉而關注私人信貸基金。正如我們在那篇文章中討論的，最近對私人信貸的批評突顯了我們的 CEF 作為高穩定股息來源的價值。</p>
<p>温斯坦正確地指出，私人信貸基金的表現不佳，並且是風險上升的來源。他的目標是一羣由藍貓資本管理的基金，該公司還運營着藍貓資本公司（OBDC），這是一家傾向於私人信貸的商業發展公司（BDC）。</p>
<p>如果我們將藍貓的表現（下方藍色）與跟蹤標準普爾 500 指數的指數基金（紫色）以及 BDC 市場的表現——以 <strong>VanEck BDC Income ETF (BIZD)</strong>（橙色）為形式進行比較，你就能明白温斯坦的意思：</p>
<p><strong>藍貓落後於 BDC 和股票</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/OBDC-Lags.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/OBDC-Lags.png"/></p>
<p><strong>Saba 的策略</strong></p>
<p>Saba 對這些基金採取的策略符合我從與該公司員工交談中觀察到的文化：對抗性、強硬和以結果為導向。但同樣值得注意的是，Saba 自己的基金表現不佳，為其他投資者瞄準它們打開了大門。</p>
<p>Saba 管理着兩個 CEF，這兩個基金的折扣遠遠大於我_ CEF Insider _服務所追蹤的所有 CEF 的平均折扣 7.7%。讓我們先看看收益率為 15.7% 的 <strong>Saba Capital Income &amp; Opportunities Fund (BRW)</strong>，如下藍色所示：</p>
<p><strong>BRW 表現不佳...</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/BRW-Lags.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/BRW-Lags.png"/></p>
<p>在這裏我們看到，自從 Saba 接管 BRW 以來，該基金（藍色）表現優於 BDC 基準 <strong>VanEck BDC Income ETF (BIZD)</strong>（橙色）。但它的回報仍然不到標準普爾 500 指數回報的一半（紫色）。這就是為什麼截至目前，BRW 的交易折扣為 15.5%，而且這個折扣還在擴大。</p>
<p><strong>... 其折扣進一步擴大</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/BRW-Discount.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/BRW-Discount.png"/></p>
<p>在收益率為 8.6% 的 <strong>Saba Capital Income &amp; Opportunities Fund II (SABA)</strong> 中情況類似：</p>
<p><strong>SABA 也表現不佳...</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/SABA-Lags-1.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/SABA-Lags-1.png"/></p>
<p>一段時間內，SABA（上方藍色）超越了標準普爾 500 指數，但其在加密貨幣上的激進投資（截至目前，Grayscale Ethereum Classic Trust 是其第二大持倉）意味着其短期收益最近有所減弱。</p>
<p>我們還應該注意到，截至 2025 年 10 月底，SABA 約有 20% 的投資在私人基金中，該基金警告股東，如果他們持有 SABA，可能面臨擁有私人信貸的風險。</p>
<p><img src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/SABA-Assets.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/SABA-Assets.png"/></p>
<p><em>來源：SEC</em></p>
<p>這部分解釋了為什麼 SABA 的折扣在最近幾個月也擴大：</p>
<p><strong>... 並看到其折扣下降</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/SABA-Discount.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/SABA-Discount.png"/></p>
<p>公平地説，將這兩個基金與標準普爾 500 和 BIZD 進行比較有點像 “蘋果與橙子” 的比較，但對於尋求回報和股息的投資者來説，這可能並不重要。</p>
<p><strong>Gabelli 的回應</strong></p>
<p>這就是我們的 “另一位” 激進投資者的出現。</p>
<p>那就是由知名價值投資者馬里奧·加貝利（Mario Gabelli）運營的 GAMCO Investors。GAMCO 是我所稱的更傳統的 CEF 公司，它發現了一個機會，可以以類似於 Saba 過去針對 CEF 的方式來瞄準 Saba 的基金。</p>
<p>而加貝利的一個基金現在因與 SABA 和 BRW 相反的原因而脱穎而出：這個基金的交易價格遠高於淨資產價值（NAV）：</p>
<p><strong>Gabelli Utility Fund 的交易價格幾乎是其投資組合價值的 2 倍</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/GUT-Premium.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/GUT-Premium.png"/></p>
<p>在這裏我們看到 <strong>Gabelli Utility Trust (GUT)</strong> 的 77% 溢價。該基金持有像 <strong>NextEra Energy (NEE)</strong>、<strong>Duke Energy (DUK)</strong> 和 <strong>ONEOK (OKE)</strong> 等主要美國公用事業股票，近年來其溢價大幅上升。</p>
<p>對於在 2010 年代中期買入的人來説，這非常好，那時 GUT 的溢價較小（在 7% 到 10% 之間），他們現在可以以這個溢價出售。</p>
<p>簡而言之，GAMCO 為 GUT 做了 Saba 希望為其他基金做的事情：提升其估值，從而為投資者帶來強勁回報。</p>
<p>GAMCO 希望通過提名 GUT 的副總裁大衞·沙赫特（David Schachter）進入這兩個基金的董事會來實現這一目標。換句話説，加貝利正在借鑑 Saba 的激進投資策略，以影響 Saba 自己 CEF 的表現。</p>
<p>這會有效嗎？很難説，但並非不可能，特別是如果沙赫特將加貝利的價值投資方法帶入 Saba（這可能在某種程度上限制 Saba 的一些加密和私人信貸投資）。</p>
<p>當然，這對股東來説從長遠來看是好事（再次強調，如果沙赫特的任命得以實現）。但現在並不是希望這一切發生的時機，因為距離這個故事的展開還有很長時間。無論發生什麼，至少在提名決定之前，BRW 和 SABA 都繼續面臨高於平均水平的風險。</p>
<p><strong>我推薦的 5 只每月分紅的 CEF 每年支付</strong> <strong><em>60 次</em></strong> <strong>（收益率為 9.3%）</strong></p>
<p>值得重申的是：BRW 和 SABA_可能_在未來幾個月是明智的購買。但它們現在的波動性實在太大，我們無法觸碰。</p>
<p>雖然 CEF 的世界很小，但也並不是_那麼_小。</p>
<p>仍然有很多 CEF 在支付高額股息並且存在較大折扣。而且還有很多進一步_每月支付股息_。</p>
<p>我匯總了 5 個同時滿足這兩個標準的 CEF，它們的平均股息高達 9.3%。想一想：擁有這 5 個每月支付的 CEF，你每月大約能收到 5 次支付。</p>
<p>這每年總共是_60 次股息支付！_</p>
<p>我將這 5 個可靠的每月支付 CEF 組合在一個&#34;迷你投資組合&#34;中。我敦促收入投資者現在購買這 5 個。</p>
<p>現在是購買它們並開始你的 60 個&#34;薪水&#34;收入流的時機。<strong>點擊這裏，我會告訴你更多關於這 5 個強勁的每月收入投資的消息</strong> **。我還會提供一份免費的報告，揭示它們的名稱、代碼以及我對每個的完整分析。</p>
<h5>另見：</h5>
<p> 沃倫·巴菲特的股息股票</p>
<p> 股息增長股票：25 位貴族</p>
<p> 未來的股息貴族：接近競爭者</p>
<p>本文所表達的觀點和意見僅代表作者的觀點，並不一定反映納斯達克公司的觀點。</p>

BRW.RT

GAMI

SABA

<p>激進投資者博阿茲·温斯坦（Boaz Weinstein）正面臨來自另一位 CEF 投資者的競爭，該投資者旨在消除其基金的淨資產價值（NAV）折扣。温斯坦的公司 Saba Capital Management 已將重點從 CEF 轉向私人信貸基金，而由馬里奧·加貝利（Mario Gabelli）領導的 GAMCO Investors 則通過提名董事會成員來提升 Saba 表現不佳基金的估值。這場競爭突顯了 CEF 市場的動態，激進投資者之間可能相互對抗，以提升基金表現和投資者回報</p>

<p>Boaz Weinstein is a name many CEF investors know. He's an activist investor who's targeted CEFs in the past, particularly those he sees as underperforming.</p>
<div class="lb-trans"><p>博阿茲·温斯坦是許多 CEF 投資者熟知的名字。他是一位激進投資者，過去曾針對 CEF，特別是那些他認為表現不佳的基金。</p>
</div><p>Now, another closed-end fund (CEF) investor is adopting Weinstein's tactics--and turning them on two of the activist's own funds. This investor's goal? Wipe out the discounts to net asset value (NAV, or the value of their underlying portfolios) on these two funds, and in doing so drive their prices higher.</p>
<div class="lb-trans"><p>現在，另一位封閉式基金（CEF）投資者正在採用温斯坦的策略，並將其轉向這位激進投資者自己的兩個基金。這個投資者的目標是什麼？消除這兩個基金的淨資產價值（NAV，或其基礎投資組合的價值）折扣，從而推動其價格上漲。</p>
</div><p>It's a fascinating story, and one that shows how, in the small world of CEFs, skilled activists sometimes turn their attention to each other.</p>
<div class="lb-trans"><p>這是一個引人入勝的故事，展示了在小型 CEF 世界中，熟練的激進投資者有時會將注意力轉向彼此。</p>
</div><p>Let's back up for a moment.</p>
<div class="lb-trans"><p>讓我們先回顧一下。</p>
</div><p>In case you've missed it, Weinstein's firm, Saba Capital Management, has been in the news because, as I wrote a week ago, they've taken a break from CEFs to target private-credit funds. And as we discussed in that article, the criticism of private credit lately has been highlighting the value of our CEFs as a source of high, stable dividends.</p>
<div class="lb-trans"><p>如果你錯過了，温斯坦的公司 Saba Capital Management 最近上了新聞，因為正如我一週前所寫的，他們已暫停 CEF 的投資，轉而關注私人信貸基金。正如我們在那篇文章中討論的，最近對私人信貸的批評突顯了我們的 CEF 作為高穩定股息來源的價值。</p>
</div><p>Weinstein has rightly been pointing out that private-credit funds are underdelivering and a source of rising risk. His target has been a cluster of funds managed by Blue Owl Capital <strong>,</strong> which also runs <strong>Blue Owl Capital Corporation (OBDC)</strong>, a business development company (BDC) that leans toward private credit.</p>
<div class="lb-trans"><p>温斯坦正確地指出，私人信貸基金的表現不佳，並且是風險上升的來源。他的目標是一羣由藍貓資本管理的基金，該公司還運營着藍貓資本公司（OBDC），這是一家傾向於私人信貸的商業發展公司（BDC）。</p>
</div><p>If we compare Blue Owl's performance (in blue below) with index funds tracking the S&amp;P 500 (in purple) and the BDC market--in the form of the <strong>VanEck BDC Income ETF (BIZD)</strong>, in orange--you can see what Weinstein means:</p>
<div class="lb-trans"><p>如果我們將藍貓的表現（下方藍色）與跟蹤標準普爾 500 指數的指數基金（紫色）以及 BDC 市場的表現——以 <strong>VanEck BDC Income ETF (BIZD)</strong>（橙色）為形式進行比較，你就能明白温斯坦的意思：</p>
</div><p><strong>Blue Owl Lags BDCs, Stocks</strong></p>
<div class="lb-trans"><p><strong>藍貓落後於 BDC 和股票</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/OBDC-Lags.png" alt="" original-src="https://contrarianoutlook.com/wp-content/uploads/2026/03/OBDC-Lags.png"/></p>
<p><strong>Saba's Approach</strong></p>
<div class="lb-trans"><p><strong>Saba 的策略</strong></p>
</div><p>The strategy Saba is taking toward these funds fits the culture I've observed from talking to people who work for the firm: adversarial, tough and results-driven. But it's also worth noting that Saba's own funds have underperformed, opening the door for other investors to take aim at them.</p>
<div class="lb-trans"><p>Saba 對這些基金採取的策略符合我從與該公司員工交談中觀察到的文化：對抗性、強硬和以結果為導向。但同樣值得注意的是，Saba 自己的基金表現不佳，為其他投資者瞄準它們打開了大門。</p>
</div><p>Saba manages two CEFs, both of which trade at discounts far bigger than the 7.7% average discount among all CEFs tracked by my <em>CEF Insider</em> service. Let's start with the 15.7%-yielding <strong>Saba Capital Income &amp; Opportunities Fund (BRW)</strong>, in blue below:</p>
<div class="lb-trans"><p>Saba 管理着兩個 CEF，這兩個基金的折扣遠遠大於我_ CEF Insider _服務所追蹤的所有 CEF 的平均折扣 7.7%。讓我們先看看收益率為 15.7% 的 <strong>Saba Capital Income &amp; Opportunities Fund (BRW)</strong>，如下藍色所示：</p>
</div><p><strong>BRW Falls Behind ...</strong></p>
<div class="lb-trans"><p><strong>BRW 表現不佳...</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/BRW-Lags.png" alt="" original-src="https://contrarianoutlook.com/wp-content/uploads/2026/03/BRW-Lags.png"/></p>
<p>Here we see that, since Saba took over BRW, the fund (in blue) has outperformed the BDC benchmark <strong>VanEck BDC Income ETF (BIZD)</strong>, in orange. But it's still delivered less than half of the S&amp;P 500's return (in purple). This is why BRW trades at a 15.5% discount as of this writing, and that discount has been widening.</p>
<div class="lb-trans"><p>在這裏我們看到，自從 Saba 接管 BRW 以來，該基金（藍色）表現優於 BDC 基準 <strong>VanEck BDC Income ETF (BIZD)</strong>（橙色）。但它的回報仍然不到標準普爾 500 指數回報的一半（紫色）。這就是為什麼截至目前，BRW 的交易折扣為 15.5%，而且這個折扣還在擴大。</p>
</div><p><strong>... And Its Discount Gets Wider</strong></p>
<div class="lb-trans"><p><strong>... 其折扣進一步擴大</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/BRW-Discount.png" alt="" original-src="https://contrarianoutlook.com/wp-content/uploads/2026/03/BRW-Discount.png"/></p>
<p>It's a similar story at the 8.6%-yielding <strong>Saba Capital Income &amp; Opportunities Fund II (SABA)</strong>:</p>
<div class="lb-trans"><p>在收益率為 8.6% 的 <strong>Saba Capital Income &amp; Opportunities Fund II (SABA)</strong> 中情況類似：</p>
</div><p><strong>SABA Also Lags ...</strong></p>
<div class="lb-trans"><p><strong>SABA 也表現不佳...</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/SABA-Lags-1.png" alt="" original-src="https://contrarianoutlook.com/wp-content/uploads/2026/03/SABA-Lags-1.png"/></p>
<p>For a while, SABA (in blue above) was outrunning the S&amp;P 500, but its aggressive investments in crypto (Grayscale Ethereum Classic Trust is its second-largest holding as of this writing) mean its short-term gains have been fizzling lately.</p>
<div class="lb-trans"><p>一段時間內，SABA（上方藍色）超越了標準普爾 500 指數，但其在加密貨幣上的激進投資（截至目前，Grayscale Ethereum Classic Trust 是其第二大持倉）意味着其短期收益最近有所減弱。</p>
</div><p>We should also note that about 20% of SABA was in private funds as of the end of October 2025, and the fund warns shareholders that they may be at risk of owning private credit if they own SABA.</p>
<div class="lb-trans"><p>我們還應該注意到，截至 2025 年 10 月底，SABA 約有 20% 的投資在私人基金中，該基金警告股東，如果他們持有 SABA，可能面臨擁有私人信貸的風險。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/SABA-Assets.png" alt="" original-src="https://contrarianoutlook.com/wp-content/uploads/2026/03/SABA-Assets.png"/></p>
<p><em>Source: SEC</em></p>
<div class="lb-trans"><p><em>來源：SEC</em></p>
</div><p>That partly explains why SABA's discount has also widened in recent months:</p>
<div class="lb-trans"><p>這部分解釋了為什麼 SABA 的折扣在最近幾個月也擴大：</p>
</div><p><strong>... and Sees Its Discount Drop</strong></p>
<div class="lb-trans"><p><strong>... 並看到其折扣下降</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/SABA-Discount.png" alt="" original-src="https://contrarianoutlook.com/wp-content/uploads/2026/03/SABA-Discount.png"/></p>
<p>To be fair, comparing either of these funds to the S&amp;P 500 and BIZD is a little &#34;apples to oranges,&#34; but for investors looking for returns and dividends, that may not matter.</p>
<div class="lb-trans"><p>公平地説，將這兩個基金與標準普爾 500 和 BIZD 進行比較有點像 “蘋果與橙子” 的比較，但對於尋求回報和股息的投資者來説，這可能並不重要。</p>
</div><p><strong>The Gabelli Response</strong></p>
<div class="lb-trans"><p><strong>Gabelli 的回應</strong></p>
</div><p>Here's where our &#34;other&#34; activist comes in.</p>
<div class="lb-trans"><p>這就是我們的 “另一位” 激進投資者的出現。</p>
</div><p>That would be GAMCO Investors, run by well-known value investor Mario Gabelli. GAMCO is what I'd call a more traditional CEF firm, and it's spotted an opportunity to target Saba's funds in a similar way that Saba has targeted CEFs in the past.</p>
<div class="lb-trans"><p>那就是由知名價值投資者馬里奧·加貝利（Mario Gabelli）運營的 GAMCO Investors。GAMCO 是我所稱的更傳統的 CEF 公司，它發現了一個機會，可以以類似於 Saba 過去針對 CEF 的方式來瞄準 Saba 的基金。</p>
</div><p>And one of Gabelli's funds stands out now, for the opposite reason as SABA and BRW do: This one trades at a massive <em>premium</em> to NAV:</p>
<div class="lb-trans"><p>而加貝利的一個基金現在因與 SABA 和 BRW 相反的原因而脱穎而出：這個基金的交易價格遠高於淨資產價值（NAV）：</p>
</div><p><strong>Gabelli Utility Fund Trades for Nearly 2X Its Portfolio Value</strong></p>
<div class="lb-trans"><p><strong>Gabelli Utility Fund 的交易價格幾乎是其投資組合價值的 2 倍</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://contrarianoutlook.com/wp-content/uploads/2026/03/GUT-Premium.png" alt="" original-src="https://contrarianoutlook.com/wp-content/uploads/2026/03/GUT-Premium.png"/></p>
<p>Here we see the 77% premium on the <strong>Gabelli Utility Trust (GUT)</strong>. The fund, which holds major US utility stocks like <strong>NextEra Energy (NEE)</strong>, <strong>Duke Energy (DUK)</strong> and <strong>ONEOK (OKE)</strong>, has surged to that big premium in recent years.</p>
<div class="lb-trans"><p>在這裏我們看到 <strong>Gabelli Utility Trust (GUT)</strong> 的 77% 溢價。該基金持有像 <strong>NextEra Energy (NEE)</strong>、<strong>Duke Energy (DUK)</strong> 和 <strong>ONEOK (OKE)</strong> 等主要美國公用事業股票，近年來其溢價大幅上升。</p>
</div><p>That's great for anyone who bought in back in the mid-2010s, when GUT traded at much smaller premiums (in the 7% to 10% range), as they can now sell at this premium.</p>
<div class="lb-trans"><p>對於在 2010 年代中期買入的人來説，這非常好，那時 GUT 的溢價較小（在 7% 到 10% 之間），他們現在可以以這個溢價出售。</p>
</div><p>In short, GAMCO has done for GUT what Saba aims to do for other funds: boost their valuations, thereby delivering strong returns for investors.</p>
<div class="lb-trans"><p>簡而言之，GAMCO 為 GUT 做了 Saba 希望為其他基金做的事情：提升其估值，從而為投資者帶來強勁回報。</p>
</div><p>GAMCO aims to do this for SABA and BRW by nominating David Schachter, vice-president of GUT, to the boards of both funds. In other words, Gabelli is taking a page out of Saba's activist playbook to influence the performance of Saba's own CEFs.</p>
<div class="lb-trans"><p>GAMCO 希望通過提名 GUT 的副總裁大衞·沙赫特（David Schachter）進入這兩個基金的董事會來實現這一目標。換句話説，加貝利正在借鑑 Saba 的激進投資策略，以影響 Saba 自己 CEF 的表現。</p>
</div><p>Will it work? Tough to say, but it's not impossible, especially if Schachter brings Gabelli's value-investing approach to Saba (which could, among other things, curtail some of Saba's crypto and private-credit investments).</p>
<div class="lb-trans"><p>這會有效嗎？很難説，但並非不可能，特別是如果沙赫特將加貝利的價值投資方法帶入 Saba（這可能在某種程度上限制 Saba 的一些加密和私人信貸投資）。</p>
</div><p>That, of course, would be good for shareholders in the long term (again, if Schachter's appointment comes to pass). But now is <em>not</em> the time to pounce in hopes that this happens, since it's still a long time until this story plays out. No matter what transpires, at least between now and the time the nomination is decided, both BRW and SABA continue to entail above-average risk.</p>
<div class="lb-trans"><p>當然，這對股東來説從長遠來看是好事（再次強調，如果沙赫特的任命得以實現）。但現在並不是希望這一切發生的時機，因為距離這個故事的展開還有很長時間。無論發生什麼，至少在提名決定之前，BRW 和 SABA 都繼續面臨高於平均水平的風險。</p>
</div><p><strong>My 5 Top Monthly Dividend CEFs Pay Out</strong> <strong><em>60 Times a Year</em></strong> <strong>(and Yield 9.3%, Too)</strong></p>
<div class="lb-trans"><p><strong>我推薦的 5 只每月分紅的 CEF 每年支付</strong> <strong><em>60 次</em></strong> <strong>（收益率為 9.3%）</strong></p>
</div><p>It's worth restating: BRW and SABA <em>could</em> be smart buys in the coming months. But they're simply too volatile for us to touch now.</p>
<div class="lb-trans"><p>值得重申的是：BRW 和 SABA_可能_在未來幾個月是明智的購買。但它們現在的波動性實在太大，我們無法觸碰。</p>
</div><p>And while the CEF world is small, it's not <em>that</em> small.</p>
<div class="lb-trans"><p>雖然 CEF 的世界很小，但也並不是_那麼_小。</p>
</div><p>There are still plenty of CEFs out there paying big dividends and sporting wide discounts. And plenty go one step further and <em>pay dividends monthly</em>, too.</p>
<div class="lb-trans"><p>仍然有很多 CEF 在支付高額股息並且存在較大折扣。而且還有很多進一步_每月支付股息_。</p>
</div><p>I've assembled 5 CEFs that meet both those benchmarks and kick out a rich 9.3% average dividend between them. Think about that for a moment: Own all 5 of these monthly payers and you're getting paid around 5 times a month.</p>
<div class="lb-trans"><p>我匯總了 5 個同時滿足這兩個標準的 CEF，它們的平均股息高達 9.3%。想一想：擁有這 5 個每月支付的 CEF，你每月大約能收到 5 次支付。</p>
</div><p>That's a total of <em>60 dividend payouts a year!</em></p>
<div class="lb-trans"><p>這每年總共是_60 次股息支付！_</p>
</div><p>I've put all 5 of these reliable monthly payers together in a &#34;mini-portfolio&#34; all their own. I'm urging income investors to buy all 5 of them now.</p>
<div class="lb-trans"><p>我將這 5 個可靠的每月支付 CEF 組合在一個&#34;迷你投資組合&#34;中。我敦促收入投資者現在購買這 5 個。</p>
</div><p>Now is the time to buy them and start your 60 &#34;paycheck&#34; income stream. <strong>Click here and I'll tell you more about these 5 stout monthly income plays</strong> <strong>.</strong> I'll also give you a free report revealing their names, tickers and my full analysis of each one.</p>
<div class="lb-trans"><p>現在是購買它們並開始你的 60 個&#34;薪水&#34;收入流的時機。<strong>點擊這裏，我會告訴你更多關於這 5 個強勁的每月收入投資的消息</strong> **。我還會提供一份免費的報告，揭示它們的名稱、代碼以及我對每個的完整分析。</p>
</div><h5>Also see:</h5>
<div class="lb-trans"><h5>另見：</h5>
</div><p> Warren Buffett Dividend Stocks</p>
<div class="lb-trans"><p> 沃倫·巴菲特的股息股票</p>
</div><p> Dividend Growth Stocks: 25 Aristocrats</p>
<div class="lb-trans"><p> 股息增長股票：25 位貴族</p>
</div><p> Future Dividend Aristocrats: Close Contenders</p>
<div class="lb-trans"><p> 未來的股息貴族：接近競爭者</p>
</div><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>
<div class="lb-trans"><p>本文所表達的觀點和意見僅代表作者的觀點，並不一定反映納斯達克公司的觀點。</p>
</div>

這場激進投資者的爭鬥可能會使這些支付超過 8.6% 的公司成為買入對象