CBH - CEF Weekly Review: Discount Tightening Is Hard (Ask Nuveen)
2024-03-17 03:55:08 ET
Summary
- We review CEF market valuation and performance through the second week of March and highlight recent market action.
- All sectors of the closed-end fund market saw a rise in NAVs, but discounts were mixed.
- Nuveen is attempting to boost the discounts of their Muni CEFs by hiking distributions, but previous attempts have not been successful.
- CBH - a target term CEF - has cut its distribution in potential preparation for a termination.
Welcome to another installment of our CEF Market Weekly Review, where we discuss closed-end fund ((CEF)) market activity from both the bottom-up - highlighting individual fund news and events - as well as the top-down - providing an overview of the broader market. We also try to provide some historical context as well as the relevant themes that look to be driving markets or that investors ought to be mindful of....
CEF Weekly Review: Discount Tightening Is Hard (Ask Nuveen)