ARDC News and Press, Ares Dynamic Credit Allocation Fund Inc. From 01/10/23

Ares Dynamic Credit Allocation Fund, Inc. (the “Fund”) (NYSE: ARDC) announced today that it has increased its monthly distribution for January 2023 to $0.1075 per common share from $0.1025 in December 2022, payable as noted below. The following dates apply to the declared di...

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, HFRO, and EMD. Author’s note: This article was released to CEF/ETF Income L...

Summary Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, ARDC and HYB. "Quality" Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the databas...

Summary All those pesky political, economic, and financial issues that depressed investors and markets in 2022? Well, we’ve still got them in 2023. On the other hand, perhaps it's already priced in and investors were just waiting to get end-of-year tax-selling behind us so the lo...

Summary While many are predicting negative performance in the stock market in 2023, I am building an income stream for retirement that does not depend on a bull market to succeed. The concept of compound interest is important for income investors to understand and to help navigate volat...

Summary The Pioneer Floating Rate Trust trades at a discount of -11% and pays a monthly distribution that has been raised 5 months in a row. The current annual yield exceeds 11.5% and benefits from rising interest rates due to its mostly floating rate senior secured loans that it holds....

Summary Since I last wrote about ARDC in August, the discount has widened to more than -13% while the NAV has stabilized. Based on the current monthly distribution that was raised to $.1025 in August, the annual yield is now more than 10.5%. The outlook for high-yield fixed income i...

Summary The ARDC fund provides high income by investing in high yield bonds, senior loans, and CLO securities. It pays an attractive 10.5% current yield. However, with 5 Yr average annual returns of only 2.0%, the fund appears to be paying more than it earns. I would avoid this ...

Summary BB-rated CLO debt has shown to be a better value over many years than ordinary garden-variety BB-rated corporate debt (higher yields, lower defaults). Current CLOs are issuing double-B-rated debt in their capital structures at SOFR (the "new LIBOR" base rate) of 3.8% plus spread...

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...