Income investors are seeking high dividends and capital gains. Prospect Capital Corp. offers a tempting 21.1% yield, but a closer look reveals a 21-year total return of just 3%. The State Street SPDR S&P Dividend ETF (SDY) provides a safer option with a 2.6% yield, outperforming PSEC in the last decade. For sustainable income, consider the Liberty All-Star Equity Fund (USA), offering a 10.9% yield and growth in dividends. By buying CEFs at a discount, like USA, investors can enjoy high yields and capitalize on price premiums. Rotate between high-yielding CEFs for a diversified portfolio and strong gains.

Read more at Nasdaq: This 21% Dividend Yield Looks Great (Until You See This 1 Ugly Chart)