GDO - CEF Weekly Review: Western Asset Is Doing A Nuveen
2024-07-06 00:04:02 ET
Summary
- We review CEF market valuation and performance through the last week of June and highlight recent market action.
- CEFs were mostly up on the week with MLP and Hybrid sectors leading the way.
- Western Asset Global Corporate Defined Opportunity Fund holding a tender offer for all shares at NAV, following Nuveen's approach.
- Loan CEFs AIF and AFT shareholders approved the merger with MFIC.
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: Western Asset Is Doing A Nuveen