CLOSED-END FUND UNIVERSE OFFERED TO INVESTMENT PROFESSIONALS FOR 14-DAY FREE TRIAL

    /24-7PressRelease/ - RICHMOND, VA, May 29, 2008 - Closed-End Fund Advisors (CEFA), a Richmond, Virginia-based global investment firm and longtime publisher of The Scott Letter: Closed-End Fund Report announces that its new, interactive research publication, Closed-End Fund Universe, is now available online to investment industry professionals.

Free, 14-day subscriptions for CEFA's Closed-End Fund Universe are now available on the firm's web site, www.CEFAdvisors.com.

"CEFA's Closed-End Fund Universe is a weekly data service that contains the information presently missing in the closed-end fund community," says John Cole Scott, CEFA Vice President. "The service's 26 data points comprehensively track all 659 closed-end funds, allowing direct, consolidated access to information investment professionals find crucial in the analysis of global trends, CEF sector groups, current portfolio holdings and uncovering future buying opportunities."

The new service is a result of CEFA's partnership with Fund Data, a London-based data provider that is the leader in global, closed-end fund data collection.

Subscriptions are available quarterly or annually and each subscription comes with a 14-day, no-risk trial. Subscribers receive a user ID and password so they can review the most recent report and track historical trends in the data archives. CEFA's Closed-End Fund Universe was specifically designed for registered investment advisory firms, financial advisors, financial planners, endowments, family offices and other institutional contacts.

Some of the key data points covered in the service are:
• income only yield
• total yield
• dividend frequency
• undistributed net investment income (UNII)
• relative UNII
• percentage of leverage
• one-year trailing beta
• standard deviation and the 52-week relative price
• 50-day moving average relative price

Closed-End Fund Advisors is a nationally known, registered investment advisory firm that specializes in using closed-end funds for institutional clients and high net-worth individuals. Headquartered in Richmond since 1997 and founded in 1989 in Santa Barbara, California, the firm has published The Scott Letter: Closed-End Fund Report for more than 16 years. The firm manages portfolios in five unique models for both growth and income-oriented investors. For more information about CEFA's investment strategies visit, www.CEFAdvisors.com or call (800) 356-3508 and request the firm's Form ADV-II.

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