Updated: December 16, 2016
Few people know it, but you don’t have to buy a stock for the price you see on Yahoo Finance.
The truth is, you can buy some of the best large cap dividend payers for cheaper: and I don’t mean a little cheaper. I’m talking a 16% discount.
Through a closed-end fund (CEF) that’s trading at a ridiculously high discount to its net asset value (NAV). That’s despite a strong track record, low expenses and an attractive 4.4% dividend yield.
Let’s break each of those things down one at a time, starting with the name of this unheralded investment.
It’s called Tri-Continental Corporation (TY), and it holds some of America’s safest and highest-quality stocks.…