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| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
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S&P National Bond Index
|
3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
|
0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
|
848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
|
1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
|---|
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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Closed End Funds That Pay Tax Free Dividends |
Seeking Alpha - Oct. 2, 2011 - by Stockerblog
Here are your choices for income investments:
1. Savings accounts that pay less than half a percent
2. Certificates of deposits that barely pay one percent
3. Regular income stocks that pay dividends that are fully taxable
4. Corporate bonds that pay fully taxable income
5. Treasury bonds and notes that are Federally taxable
6. Municipal bonds and muni bond closed-end funds that pay tax free interest with over 120 tax-free CEFs paying in excess of 6%
Uncertainty in the stock market has been continuing for months. In addition, there is the significant possibility of tax increases. Investors are turning to tax-free closed end funds or CEFs that invest in municipal bonds that pay interest that is exempt from Federal taxes and can be exempt from state taxes if issued in the state you live in. Although these are occasionally referred to as tax-free stocks, they are technically closed-end funds. WallStreetNewsNetwork.com has turned up over 150 of these tax-free CEFs.
Municipal bonds are great for high tax bracket taxpayers, as they provide income that is tax free from Federal income taxes, and if the bond is issued from the state in which the taxpayer resides or from one of the territories of the US such as Puerto Rico, Guam, or the Virgin Islands, then the income is also exempt from state taxes. Munis are generally issued by states, counties, cities, and other governmental entities such as school districts, sewer districts, bridges, and water and power departments.
Some of these CEFs have yields of 5% or more, such as the Invesco Municipal Income Opportunities Trust II (OIB), which yields 6.6%, sells at a discount to net asset value, uses almost no leverage, and has a management fee of 0.58%. The CEF has been paying dividends since 1989. Nuveen New York Performance Plus Municipal Fund (NNP) has a goal of providing current income exempt from regular federal and New York State and City income tax. The fund yields 6.0%, trades at a 6.5% discount to NAV, has leverage of 35.58%, and has a management fee of 0.69%.
For the complete article.
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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