MVF - CEF Weekly Review: Saba/BlackRock Feud Escalates
2024-07-14 09:44:53 ET
Summary
- We review CEF market valuation and performance through the first week of July and highlight recent market action.
- All CEF sectors finished the week in the green, with fixed-income CEF sector discounts now expensive and equity CEF sector discounts somewhat cheap.
- Saba and BlackRock came out with differing press releases on the latest proxy votes over board membership and termination of CEFs.
- We shifted our allocation on MVF and DMO.
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: Saba/BlackRock Feud Escalates