ARDC News and Press, Ares Dynamic Credit Allocation Fund Inc. From 03/07/23

2023-03-07 14:21:46 ET Summary Ares Dynamic Credit Allocation Fund invests in a well-diversified portfolio of fixed-rate and floating-rate securities to provide investors with a high level of income. The fund's allocation to floating-rate securities should help cushion the portfol...

2023-03-07 11:45:46 ET Summary KIO's offering was oversubscribed. NAV/share took a significant hit due to dilution. Sell and rebuy would have worked again. Author's note: This article was released to CEF/ETF Income Laboratory members as part of the CEF Weekly Roundup o...

Summary 0 out of 22 closed-end fund sectors positive on price and 3 out of 22 sectors positive on NAV last week. KIO rights offering results. MLPs are the most discounted CEF sector. Author’s note: This article was released to CEF/ETF Income Laboratory members on ...

Ares Dynamic Credit Allocation Fund, Inc. (the “Fund”) (NYSE: ARDC) announced today the declaration of its distribution for the month of February 2023 of $0.1075 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: Fe...

Summary Pioneer High Income Fund is a fixed income closed-end fund. The vehicle is almost fully covering its 9.7% dividend yield now and has performed fairly robustly in the past year. Interesting to note is that the fund has catastrophe bonds in its composition (called 'Event-linke...

Summary RIG January value is green, rising 2.13% and has outperformed SPY 22.1% since inception in Nov 2021. Y/Y January dividends rose 1.78%, but 14.52% if KEN is excluded and cash rose from ~3.7% to now 14.6%. January dividends are up 2.5% from Oct Q3, the yield near 4.4% with the...

Summary KIO announces a rights offering. This offering may be highly dilutive to NAV. Investors who held past the ex-rights date should subscribe or sell their rights to offset the effect of dilution. Author's note: This article was released to CEF/ETF Income Laboratory ...

Summary Bonds are back, offering the highest yields in over a decade. With an emphasis on a fixed income, my portfolio is positioned for weaker growth but stronger markets in 2023. Using an income-compounding approach, I can continue to grow my future income stream for retirement by...

Summary Presenting our 2022 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions (including year-end special distributions) amounting to over 14% yield-on-cost basis. The portfolio had a loss of -12.5% in 2022, compared to -18.2...

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...