BSTZ - Weekly CEF Roundup: First Trust MLP CEF Mergers Approved Saba Buys BSTZ PDX Goes Monthly
2024-03-28 11:19:34 ET
Summary
- 5 out of 22 closed-end fund sectors positive on price and 1 out of 22 sectors positive on NAV.
- Saba targets BSTZ, while PDX moves to a monthly distribution.
- First Trust MLP CEF mergers are approved by shareholders.
- HIX rights offering results.
The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recently concluded or upcoming corporate actions on CEFs, such as tender offers. Data is taken from the close of March 15th, 2024.
JPMorgan releases a nice Weekly Market Recap every week. These are the key index levels this week:
Weekly CEF Roundup: First Trust MLP CEF Mergers Approved, Saba Buys BSTZ, PDX Goes Monthly