BGB News and Press, Blackstone / GSO Strategic Credit Fund From 06/24/22

CEF discounts continue to meander without direction for most of the last few months (outside the mid-May one-week swoon). In terms of valuations, senior loans are the cheapest, followed by Limited Duration and Global Income. High yield and Investment grade round out the top 5 cheapest...

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 BWG, HFRO and EHI. For further details see: The 'High-High-Low' Closed-End Fund Repo...

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, EHI, and IVH. For further details see: The Quality Closed-End Fund Report, May 2022

FRA is trading around some of the lowest discount levels it has ever experienced. There are risks, but some of these risks seem to be largely factored in due to the valuation. The fund is largely exposed to floating rates, which could lead to higher income generation as we go forw...

We review CEF market valuation and performance through the second week of April and highlight recent market action. The recent rally fizzled as the CEF space fell sharply with most sectors dropping more than 1%. We highlight funds that are likely to be more resilient in the face o...

WDI is a multi-sector bond fund that invests with a particular focus on being flexible. At this time, most of their positions are in high-yield bonds and MBS holdings. Since launch, the fund has been sliding downward, but it seems to be poor timing and not necessarily anything fun...

Only funds with coverage >100% are considered for this quality closed-end fund report. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are KIO, ARDC and DSL. For further details see: The Quality Closed-End Fund Report, March 2022: Attractive Val...

Blackstone/GSO Strategic Credit Fund (NYSE:BGB) declares $0.065/share monthly dividend, -1.5% decrease from prior dividend of $0.066. Forward yield 5.89% Payable March 31; for shareholders of record March 24; ex-div March 23. Payable April 29; for shareholders of record April 22; ex-div April...

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are EHI, JPI and WEA. For further details see: Quality Closed-End Fund Report, February 2022

Interest rates have risen sharply since the start of the year, causing some pain in the markets and a significant rise in the VIX. With the VIX up sharply, we risk seeing discounts widen from here given how tight they are. But with interest rates rising across the curve, discounts...