ARDC - Evaluating CEFs: ARDC Provides Exposure To CLOs With A Veteran Manager
- ARDC has an attractive 7.46% yield, provided the fund can support the distribution.
- I continue my series looking at CEFs beyond just the yield.
- The distribution is covered by NII and NAV is increasing, indicating a well-covered distribution.
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Evaluating CEFs: ARDC Provides Exposure To CLOs With A Veteran Manager