AAIN - CEF Weekly Review: Can Leverage Hedges Keep Income Drops At Bay

• We review CEF market valuation and performance through the first week of May and highlight recent market action.
• The CEF space had another tough week as Treasury yields keep marching higher.
• We discuss the impact of CEF leverage hedges and whether the funds that hold them can moderate income falls from higher leverage costs.
• We also highlight FGB and a number of relative value ideas.
• This week we continued to marginally add to our CEF Portfolio allocation, taking advantage of more resilient assets.

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