AllianceBernstein, Inc.me Fund Inc. (ACG)
A closed-end fund designed to provide high current income consistent with the preservation of capital. The Fund invests principally in U.S. government obligations.
Recs
This is a must-have. As of 5/2009, more than 75% was invested in AAA issues, of which, most was U.S. gov't backed stuff. Yields more than 7%! Solid as a house of bricks.
-Lee
Recs
NAV is around 7.50 right now. Trading at a big discount to NAV. This investment will outperform in the short term, underperform in the long term (beta of 0.3!)
This is a great place for your money in the short term, as it has an 8% yearly dividend compounded monthly. Great for an IRA, because often it has a capital gains distribution at the end of the year.
Over 60% must be invested in US Treasuries, so the risk/return on this is incredible!
Recs
good income CEF
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Here's a nice income fund I recently added to my IRA portfolio to add a little stability along with income. It pays .05 per share monthly which provides a yield of just over 7 % with very little volatility.
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7 percent monthly dividend, lots of US treasury debt.
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nice monthly divi payout

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