ECAT - ECAT: 20% Yield Significant Changes May Be On The Way
2024-06-07 09:15:00 ET
Summary
- Closed end funds often sell discounted to their daily NAV/share, making them attractive for high-yield investors.
- BlackRock ESG Capital Allocation Term Trust is a CEF that focuses on environmental, social, and governance criteria.
- Saba Capital Management is attempting to take over management of the ECAT CEF, among other BlackRock funds, potentially leading to changes in performance and discounts to NAV.
Looking for high yield discounted? Closed end funds, CEFs, often sell discounted to their daily NAV/share, which can be to your advantage when deciding when to buy....
ECAT: 20% Yield, Significant Changes May Be On The Way