I was advised to buy these CEF's for income.I have lost quite a bit of money because I did not sell JHP, JFP and JTA immediately when the auctions failed and before they got this low. JHP and JFP are in retirement accounts, so to sell them now's not feasible. I am somehow hoping that in 4 or 5 years they might come back to a decent level where I could at least sell without too much of a loss, and until then continue to receive the dividends. With JTA, when the market comes back after this bear, it should go up and could be sold for a small loss if I needed to because it is not in a taxable account.

But- in the back of my mind is this thought that because of the debacle with the bank CEF's, investors will not even go to any bank funds with all the other CEF's available for income, and I will not live to sell or re-coup any of the losses. I'd really appreciate your opinions.