OCCI - CEF Weekly Review: Keeping An Eye On CEF Activists
2024-01-28 01:25:23 ET
Summary
- We review CEF market valuation and performance through the third week of January and highlight recent market action.
- Most CEF sectors were down for the week, except for covered calls and loans, which saw small gains.
- CEF activists like Saba, Karpus, and Bulldog hold sizable CEF positions to push for shareholder-friendly actions and tighter discounts. We track their holdings.
- We highlight the CCIF NAV and OCCI distribution format change.
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: Keeping An Eye On CEF Activists