Post by
DartStock on Jan 02, 2006 9:54am
Looking at 2005 Calendar Year (MIY)
On the last trading day of 2004, Muniyield Michigan closed at 15.54, it ended the following year at 15.65. MIY gained eleven cents and distributed a taxfree dividend of 6 1/2 percent. Holders of this closed end fund had their cake and ate it too.