Closed-end funds offer attractive income and total returns, with 7.27% yield and 10% discount.

The article discusses the FFA Equity Fund with a call-overlay, offering a 7.27% yield and a 10% discount. This closed-end fund covers various asset classes, providing high distributions to income investors and reasonable total returns if distributions are reinvested. However, it generally lags the broader market. The fund's growth is decent, making it an attractive investment option for income investors.