BOE News and Press, Blackrock Enhanced Global Dividend Trust of Beneficial Interest From 04/13/21

The discount remains attractive on this fund that focuses on global positions. BOE's largest sector allocation is to tech, though not overwhelmingly so. This lower exposure to tech and focus on global positions, meant the fund's historical performance appeared lackluster - going f...

There are three primary things that I see a lot of newer CEF investors get hung up on; return of capital, section 19a and data aggregators distribution classifications. All three of these have to do with the tax character of the distributions and the mistakes that can be made. The...

CNOOC Limited (CEO) reports net production hit a record high of ~528M barrels of oil equivalent (BOE) in 2020. The company intends to drill 217 exploration wells and collect approximately 17 thousand square kilometers 3-Dimensional (3D) seismic data.19 new projects wins are anticipated, which...

It is important to remember that not all return of capital is necessarily destructive to a fund. Return of capital is a tax term and not a term for evaluating performance. Some investors look for return of capital to defer tax obligations, potentially indefinitely. For furth...

CEFs may be more susceptible to tax loss selling given they trade on a stock exchange and market prices can deviate from underlying net asset values. Tax loss selling into year-end may continue to pressure CEF discounts in the short term. These wide discounts may offer long-term i...

Putting money to work every month can help continue to grow a strong income that grows over time. 8 funds were bought, though two of them were a swap from a different investment. 5 new positions were added to my portfolio (2 of these were from swap opportunities,) while 3 were add...

All three funds highlighted today with a 'Buy' rating are call writing funds. The lowest yielding fund covered today is at a distribution rate of 7.77%. During times of volatility, it is good to keep a close watch on potential funds worth picking up as discounts widen even further...

BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of sixty two BlackRock municipal, taxable fixed-income, and equity closed-end funds (the “Funds”) have authorized the renewal of open market share repurchase programs (the “Repurchase Prog...

Written by Nick Ackerman, co-produced by Stanford Chemist The majority of closed-end funds have one of two strategies; they utilize leverage or use an options strategy. There are even some CEFs that use both strategies together. I wanted to explore the pros and cons of the options strate...

(This report was sent to members of Yield Hunting on Aug. 9. All data herein is from that date.) Table of Contents: Macro Picture Commentary: Discussion of current discounts Global Equity opps Funds on the move this week Muni trading discussion A Few Funds To Look At:...