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OXLCM - CEF Weekly Review: Structure Over Management
Oxford Lane Capital Corp. 6.75% Series 2024 Term Preferred Stock
We review CEF market valuation and performance through the second week of June and highlight recent market action.
CEFs struggled this week on the back of lower stocks and bonds due to the upside surprise in the latest CPI reading.
CEF structure - often a key driver of performance - often gets short shrift in comparison to more glamorous fund characteristics such as its manager's reputation.
We also highlight a few pieces of news from OXLC, WIA, LEO, and others.