WDI: Great Fund, But Now Is Not The Time To Buy (NYSE:WDI)

PM Images The Western Asset Diversified Income Fund (NYSE:WDI) is a closed-end fund, or CEF, that specializes in providing a high level of income for its shareholders. The fund certainly does a reasonable job of this task, as its 12.56% current yield is certainly competitive with most other fixed-income funds. In today’s environment, fixed-income closed-end…

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