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ARCC - FGB: Trading At Historically High 8.1% Premium To NAV
Ares Capital Corporation
First Trust Specialty Finance & Financial Opportunities Fund (NYSE:FGB) invests in business development companies (BDCs) which themselves are organized as closed-end-companies. FGB is a "CEF of BDCs" in this regard. FGB also holds about 11% in Real Estate Investment Trusts which provides a certain level of diversification. The fund has current total assets under management at $85 million with a primary objective to seek a high level of current income and secondary objective is producing an attractive total return. The distribution yield over the trailing twelve months is currently 8.3%. This article provides