ARDC News and Press, Ares Dynamic Credit Allocation Fund Inc. From 12/11/22

Summary Only funds with yields over 8%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are PGZ, HNW, and BGX. Author’s note: This article was released to CEF/ETF Income La...

Summary Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are PGZ, WDI, and KIO. Author’s note: This article was released to ...

Summary We review CEF market valuation and performance through the last week of October and highlight recent market action. The CEF market had a good week and a good October, offsetting some of the drop it saw in September. We discuss the ongoing wave of preferreds redemptions...

Summary RIG value/ total return perked up to just off 0.45% while outperforming SPY by ~17.3%. 5.2% income yield beats SPY's 1.7% with 22 dividend payments and 4 raises which are listed with the amount paid, yearly estimate, yield, and comments. October transactions included 4...

Summary Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, DHF and PHD. Author’s note: This article was released to CEF/ETF Income Laboratory members on October 26, 2022. Please ...

Summary The CLO asset class is worth a look by income investors due to its strong historic profile, high yields and rising income levels. The asset class offers a wide variety of securities across the entire risk spectrum, with yields from mid-single-digit to double-digit levels. ...

Summary Rose’s Income Garden/ RIG’s financial sector holds 9 BDCs, a bank, ETF, mREIT and mREIT preferred which are listed with current price, yearly dividend, and some analyst price targets. RIG value with dividends is just barely green by 0.7% while outperforming t...

Ares Dynamic Credit Allocation Fund, Inc. (the “Fund”) (NYSE: ARDC) announced today the declaration of its distribution for the month of October 2022 of $0.1025 per common share, payable as noted below. The following dates apply to the declared distribution: Ex...

Summary HIPS is a high-yield ETF with a portfolio diversified in CEFs, MLPs, mortgage REITs, and BDCs. The yield is very attractive, but price history shows a steep capital decay. The problem is structural: the 4 asset categories of its portfolio have the same issue. An al...

Summary The market environment of high volatility and rising short-term rates has lowered the income-generating capacity of most CEFs. In this article, we highlight the five types of CEFs whose incomes have either been unaffected or have actually improved this year. We also hi...