BFO News and Press, Blackrock Florida Municipal 2020 Term Trust From 04/26/18

The first article in this series, which framed our investment objective and introduced the idea of a Term CEF Ladder, can be found here . The second article, specific to Mortgage Bond CEFs, is here . There are 45 CEFs with scheduled termination dates. Reader "Commish JW" alerted us to the ...

The first article in this series, which introduced the idea of a Term CEF Ladder and takes a more top-down approach to the markets, can be found here . As a quick refresher, there are 43 CEFs with scheduled “Term” dates around which time each trust is scheduled to liquidate. W...

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Data from the article are from February 23, 2018 Target term CEFs As I have explained before, I'm attracted to target term CEFs because of their defined term limits. These are funds that are set to liquidate, or convert to an open-ended structure, at a set date from now. We appear to...

The strength of January disappeared in February despite little negative macroeconomic news, leading many analysts to conclude that profit-taking (and to a certain extend deleveraging) was driving the sudden fall in the S&P 500 ( SPY ). And while the shot-up in the VIX drove a fascinating, ...

For the inaugural issue of The Chemist's Quality CEF Report (September 2017), describing the background and rationale of the Report, please click here . Data were taken from the close of Jan. 16, 2018. The Chemist's Quality CEF Report is a monthly feature. Previous editions of the Report...

BlackRock California Municipal 2018 Term Trust  (NYSE: BJZ ) - $0.0025. BlackRock MuniHoldings California Quality Fund (NYSE: MUC ) - $0.0535. BlackRock MuniYield California Fund (NYSE: MYC ) - $0.0620. BlackRock MuniYield California Quality Fund (NYSE: MCA ) - $0.0585. BlackRoc...

So some very interesting observations emerged from the Cambridge Income Laboratory chat session this evening. In times of market panic, securities often get sold indiscriminately and en masse, causing prices to deviate from their net asset values. Who can forget the flash crash of 2015 when ...

For the inaugural issue of The Chemist's CEF Report (September 2016), describing the background and rationale of the Report, please click here . This edition uses data taken from the close of January 5. Previous editions of the Report can be searched using the keyword "cefrep". Methodolo...

The year has started extremely strong for stocks, so that even after the correction at the end of January, the S&P 500 ended up 5.7% YTD by the start of February. Index funds for junk bonds ( JNK ) and municipal bonds ( MUB ) did not fare as well, being flat and down 1.2% respectively: W...