If you are a big-yield contrarian investor, the CEF we review in this report is attractive for multiple reasons. For starters, it invests in a low-volatility “safe” market sector (that is currently underperforming and thereby creating an attractive contrarian opportunity, as we will explain). Next, it trades at a massive (and very inappropriate) discount to its NAV following a distribution right-sizing a few months ago (emotional investors have dramatically overreacted). The combination of these two factors have created a highly-compelling long-term investment opportunity for income-focused contrarian investors.